Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.54 Million Investment in Empire State Realty Trust, Inc. (NYSE:ESRT)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 196,820 shares of the real estate investment trust’s stock, valued at approximately $1,539,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Empire State Realty Trust as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ESRT. GAMMA Investing LLC increased its stake in Empire State Realty Trust by 654.8% during the 1st quarter. GAMMA Investing LLC now owns 30,443 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 26,410 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Empire State Realty Trust by 5.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust’s stock worth $17,642,000 after acquiring an additional 93,539 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Empire State Realty Trust by 6.9% during the first quarter. SG Americas Securities LLC now owns 42,372 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 2,736 shares during the period. Principal Financial Group Inc. raised its stake in shares of Empire State Realty Trust by 10.7% in the first quarter. Principal Financial Group Inc. now owns 118,951 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 11,460 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Empire State Realty Trust by 650.7% in the fourth quarter. Two Sigma Investments LP now owns 185,596 shares of the real estate investment trust’s stock valued at $1,915,000 after acquiring an additional 160,872 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESRT has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a research note on Monday, May 19th. Wall Street Zen downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 19th. Finally, Citigroup restated a “neutral” rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.43.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $7.26 on Friday. Empire State Realty Trust, Inc. has a 12 month low of $6.56 and a 12 month high of $11.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a market capitalization of $1.22 billion, a PE ratio of 30.23 and a beta of 1.66. The business’s fifty day moving average price is $8.01 and its 200 day moving average price is $8.15.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.46% and a net margin of 5.67%. The business had revenue of $153.54 million for the quarter. On average, sell-side analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.14 dividend on an annualized basis and a yield of 1.9%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 58.33%.

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.