Vanguard Group Inc. Reduces Position in Empire State Realty Trust, Inc. $ESRT

Vanguard Group Inc. lessened its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,724,804 shares of the real estate investment trust’s stock after selling 120,195 shares during the period. Vanguard Group Inc. owned approximately 11.76% of Empire State Realty Trust worth $154,248,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in Empire State Realty Trust during the 4th quarter worth approximately $26,000. Sterling Capital Management LLC raised its position in Empire State Realty Trust by 819.7% during the 4th quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 3,828 shares during the last quarter. State of Wyoming purchased a new position in Empire State Realty Trust during the 4th quarter worth approximately $54,000. US Bancorp DE raised its position in Empire State Realty Trust by 22.4% during the 1st quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 1,824 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in Empire State Realty Trust during the 4th quarter worth approximately $103,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ESRT. Wall Street Zen lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company reduced their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.43.

Empire State Realty Trust Trading Down 1.5%

Empire State Realty Trust stock opened at $7.3350 on Thursday. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15. Empire State Realty Trust, Inc. has a 12 month low of $6.56 and a 12 month high of $11.62. The stock’s 50 day simple moving average is $7.84 and its two-hundred day simple moving average is $7.94. The firm has a market cap of $1.24 billion, a PE ratio of 30.56 and a beta of 1.70.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. The business had revenue of $153.54 million during the quarter. Empire State Realty Trust had a return on equity of 2.45% and a net margin of 5.67%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.035 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.9%. Empire State Realty Trust’s payout ratio is 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.