Quantbot Technologies LP Takes $37,000 Position in Empire State Realty Trust, Inc. $ESRT

Quantbot Technologies LP bought a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,683 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new stake in shares of Empire State Realty Trust in the 4th quarter valued at $26,000. State of Wyoming acquired a new stake in shares of Empire State Realty Trust in the 4th quarter valued at $54,000. US Bancorp DE increased its stake in shares of Empire State Realty Trust by 22.4% in the 1st quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,824 shares during the period. Versor Investments LP grew its stake in shares of Empire State Realty Trust by 23.5% during the first quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 2,400 shares during the period. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Empire State Realty Trust during the fourth quarter worth $103,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Performance

ESRT stock opened at $7.66 on Friday. The business’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.83. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.30 billion, a PE ratio of 31.90 and a beta of 1.70. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share 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. As a group, research analysts forecast 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. Shareholders of record on Monday, September 15th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 1.8%. Empire State Realty Trust’s payout ratio is currently 58.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ESRT shares. Wells Fargo & Company decreased their price objective 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 raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.