Two Sigma Investments LP Increases Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Two Sigma Investments LP grew its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 650.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,596 shares of the real estate investment trust’s stock after purchasing an additional 160,872 shares during the quarter. Two Sigma Investments LP owned approximately 0.11% of Empire State Realty Trust worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its position in Empire State Realty Trust by 8.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 1,131 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Empire State Realty Trust by 2.7% during the 4th quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 1,722 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Empire State Realty Trust by 2.3% during the 4th quarter. MetLife Investment Management LLC now owns 83,357 shares of the real estate investment trust’s stock valued at $860,000 after acquiring an additional 1,855 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Empire State Realty Trust by 11.4% in the 4th quarter. BNP Paribas Financial Markets now owns 31,627 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 3,236 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Empire State Realty Trust by 5.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,017 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 3,656 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Tuesday, March 25th. Wall Street Zen cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 19th. Citigroup reissued a “neutral” rating on shares of Empire State Realty Trust in a report on Friday, April 11th. Finally, Wells Fargo & Company decreased their target price on shares of Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating on the stock in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.43.

Empire State Realty Trust Trading Up 1.0%

Shares of ESRT stock opened at $7.74 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $8.87. The firm has a market capitalization of $1.30 billion, a PE ratio of 27.63 and a beta of 1.60. Empire State Realty Trust, Inc. has a 52-week low of $6.56 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The company had revenue of $154.54 million for the quarter. On average, analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, June 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.

Insider Buying and Selling

In other news, EVP Thomas P. Durels sold 11,843 shares of Empire State Realty Trust stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.02, for a total value of $94,980.86. Following the sale, the executive vice president now directly owns 44,185 shares of the company’s stock, valued at approximately $354,363.70. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is owned by insiders.

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.