Cetera Investment Advisers Buys 2,552 Shares of Empire State Realty Trust, Inc. $ESRT

Cetera Investment Advisers raised its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 13.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 20,868 shares of the real estate investment trust’s stock after purchasing an additional 2,552 shares during the quarter. Cetera Investment Advisers’ holdings in Empire State Realty Trust were worth $163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Empire State Realty Trust by 654.8% during the first quarter. GAMMA Investing LLC now owns 30,443 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 26,410 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in Empire State Realty Trust in the first quarter worth $610,000. SG Americas Securities LLC grew its stake in 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 worth $331,000 after purchasing an additional 2,736 shares during the period. Principal Financial Group Inc. grew its stake in 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 worth $930,000 after purchasing an additional 11,460 shares during the period. Finally, Two Sigma Investments LP grew its stake in 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 worth $1,915,000 after purchasing an additional 160,872 shares during the period. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Trading Up 4.9%

Shares of NYSE:ESRT opened at $7.6550 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of 31.90 and a beta of 1.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. The stock’s fifty day moving average price is $7.80 and its 200-day moving average price is $7.91.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $153.54 million for 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. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, September 15th. Empire State Realty Trust’s payout ratio is 58.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Wells Fargo & Company reduced 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 note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.