Federated Hermes Inc. Has $3.24 Million Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Federated Hermes Inc. grew its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 4,430.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 334,167 shares of the real estate investment trust’s stock after purchasing an additional 326,791 shares during the period. Federated Hermes Inc.’s holdings in Empire State Realty Trust were worth $3,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Empire State Realty Trust by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,040,085 shares of the real estate investment trust’s stock valued at $24,442,000 after purchasing an additional 177,050 shares during the period. Invesco Ltd. increased its position in shares of Empire State Realty Trust by 2.1% during the third quarter. Invesco Ltd. now owns 792,663 shares of the real estate investment trust’s stock worth $6,373,000 after acquiring an additional 15,938 shares in the last quarter. Foundry Partners LLC increased its position in shares of Empire State Realty Trust by 16.0% during the third quarter. Foundry Partners LLC now owns 787,450 shares of the real estate investment trust’s stock worth $6,331,000 after acquiring an additional 108,590 shares in the last quarter. UBS Group AG increased its position in shares of Empire State Realty Trust by 12.4% during the third quarter. UBS Group AG now owns 614,133 shares of the real estate investment trust’s stock worth $4,938,000 after acquiring an additional 67,567 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Empire State Realty Trust by 34.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 512,450 shares of the real estate investment trust’s stock worth $4,120,000 after acquiring an additional 129,944 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Trading Up 1.0 %

NYSE:ESRT opened at $9.21 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04. The firm has a 50-day moving average of $9.67 and a 200-day moving average of $9.36. The company has a market cap of $1.51 billion, a PE ratio of 30.70, a PEG ratio of 3.35 and a beta of 1.30. Empire State Realty Trust, Inc. has a one year low of $5.43 and a one year high of $10.32.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s payout ratio is 46.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $8.33.

Empire State Realty Trust 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.