GSA Capital Partners LLP Has $847,000 Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

GSA Capital Partners LLP grew its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 173.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,314 shares of the real estate investment trust’s stock after acquiring an additional 68,720 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Empire State Realty Trust worth $847,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its holdings in Empire State Realty Trust by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,131 shares during the last quarter. MetLife Investment Management LLC increased its holdings in 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 worth $860,000 after purchasing an additional 1,855 shares in the last quarter. Cetera Investment Advisers raised its position in Empire State Realty Trust by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 20,868 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,552 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Empire State Realty Trust during the fourth quarter valued at about $26,000. Finally, SG Americas Securities LLC grew its holdings in shares of Empire State Realty Trust by 6.9% in the first quarter. SG Americas Securities LLC now owns 42,372 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 2,736 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Down 1.2%

ESRT stock opened at $7.15 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.83 and a current ratio of 3.83. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 29.79 and a beta of 1.70. The business’s 50-day moving average is $8.00 and its two-hundred day moving average is $8.13. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced 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 net margin of 5.67% and a return on equity of 2.46%. The firm had revenue of $153.54 million for the quarter. As a group, analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, June 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 58.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ESRT shares. Wells Fargo & Company dropped their price target on Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating on the stock in a research report on Monday, May 19th. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 19th. Finally, Citigroup reiterated a “neutral” rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Empire State Realty Trust has an average rating of “Hold” and an average target price of $10.43.

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.