Northern Trust Corp Has $20.39 Million Holdings in Empire State Realty Trust, Inc. $ESRT

Northern Trust Corp increased its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,607,864 shares of the real estate investment trust’s stock after buying an additional 7,536 shares during the quarter. Northern Trust Corp owned approximately 1.55% of Empire State Realty Trust worth $20,393,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in shares of Empire State Realty Trust by 173.6% in the 1st quarter. GSA Capital Partners LLP now owns 108,314 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 68,720 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Empire State Realty Trust by 654.8% in the 1st quarter. GAMMA Investing LLC now owns 30,443 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 26,410 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Empire State Realty Trust in the 1st quarter valued at approximately $610,000. SG Americas Securities LLC boosted its holdings in shares of Empire State Realty Trust by 6.9% in the 1st quarter. SG Americas Securities LLC now owns 42,372 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 2,736 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Empire State Realty Trust by 10.7% during the 1st quarter. Principal Financial Group Inc. now owns 118,951 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 11,460 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Trading Up 0.3%

Shares of Empire State Realty Trust stock opened at $7.66 on Tuesday. The business has a fifty day simple moving average of $7.68 and a two-hundred day simple moving average of $7.81. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 31.90 and a beta of 1.78. 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 (NYSE:ESRT) last posted its quarterly earnings data 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. Research analysts forecast that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 dividend payout ratio (DPR) is presently 58.33%.

Analyst Upgrades and Downgrades

ESRT has been the subject of several research reports. Wall Street Zen raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. Wells Fargo & Company cut their price target on Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.