Swiss National Bank Sells 3,700 Shares of Empire State Realty Trust, Inc. $ESRT

Swiss National Bank decreased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,000 shares of the real estate investment trust’s stock after selling 3,700 shares during the period. Swiss National Bank owned about 0.16% of Empire State Realty Trust worth $2,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESRT. Wells Fargo & Company MN raised its stake in Empire State Realty Trust by 59.7% in the fourth quarter. Wells Fargo & Company MN now owns 227,024 shares of the real estate investment trust’s stock valued at $2,343,000 after buying an additional 84,871 shares during the period. Envestnet Asset Management Inc. raised its stake in Empire State Realty Trust by 550.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 77,657 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 65,717 shares during the period. Barclays PLC increased its stake in shares of Empire State Realty Trust by 1.6% during the fourth quarter. Barclays PLC now owns 309,479 shares of the real estate investment trust’s stock worth $3,194,000 after purchasing an additional 4,940 shares during the period. XTX Topco Ltd bought a new position in shares of Empire State Realty Trust during the fourth quarter worth approximately $110,000. Finally, NewEdge Advisors LLC bought a new position in shares of Empire State Realty Trust during the fourth quarter worth approximately $117,000. Institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ESRT shares. Wells Fargo & Company lowered their target price 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. Wall Street Zen upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.43.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $7.6550 on Friday. The firm 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 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 1-year low of $6.56 and a 1-year high of $11.62. The business’s 50 day moving average is $7.80 and its 200-day moving average is $7.90.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The business 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. Equities research analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a yield of 1.8%. Empire State Realty Trust’s dividend payout ratio is currently 58.33%.

About Empire State Realty Trust

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.