Empire State Realty Trust (NYSE:ESRT) Upgraded to “Hold” by StockNews.com

Empire State Realty Trust (NYSE:ESRT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Empire State Realty Trust Trading Up 1.5 %

NYSE ESRT opened at $9.05 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 3.26 and a beta of 1.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04. Empire State Realty Trust has a 12 month low of $5.43 and a 12 month high of $10.32. The company’s fifty day moving average price is $9.74 and its two-hundred day moving average price is $9.29.

Hedge Funds Weigh In On Empire State Realty Trust

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Empire State Realty Trust during the fourth quarter worth $34,000. Ensign Peak Advisors Inc bought a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at about $44,000. Osaic Holdings Inc. raised its stake in Empire State Realty Trust by 37.6% during the second quarter. Osaic Holdings Inc. now owns 6,091 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,666 shares during the period. Federated Hermes Inc. bought a new position in Empire State Realty Trust in the third quarter worth about $59,000. Finally, Captrust Financial Advisors acquired a new position in Empire State Realty Trust in the second quarter valued at approximately $59,000. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building – the "World's Most Famous Building" – includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.