Empire State Realty Trust (NYSE:ESRT) Stock Rating Upgraded by StockNews.com

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

Empire State Realty Trust Stock Up 1.0 %

Shares of NYSE:ESRT opened at $9.21 on Friday. The firm has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $9.35. 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 one year low of $5.43 and a one year high of $10.32. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 3.44 and a beta of 1.30.

Institutional Trading of Empire State Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Empire State Realty Trust during the first quarter valued at about $143,000. Vert Asset Management LLC grew its holdings in Empire State Realty Trust by 3.9% in the first quarter. Vert Asset Management LLC now owns 54,897 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 2,050 shares during the period. Wellington Management Group LLP grew its holdings in shares of Empire State Realty Trust by 19.3% during the fourth quarter. Wellington Management Group LLP now owns 5,821,372 shares of the real estate investment trust’s stock valued at $56,409,000 after buying an additional 943,593 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Empire State Realty Trust by 82.8% during the fourth quarter. Pinebridge Investments L.P. now owns 106,085 shares of the real estate investment trust’s stock valued at $1,028,000 after buying an additional 48,050 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Empire State Realty Trust by 36.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,467,453 shares of the real estate investment trust’s stock valued at $23,910,000 after buying an additional 663,159 shares during the last quarter. 67.10% of the stock is 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.