Inspire Investing LLC Trims Holdings in Empire State Realty Trust, Inc. $ESRT

Inspire Investing LLC decreased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,743 shares of the real estate investment trust’s stock after selling 2,028 shares during the quarter. Inspire Investing LLC’s holdings in Empire State Realty Trust were worth $342,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Strs Ohio purchased a new position in Empire State Realty Trust during the 1st quarter worth $196,000. Jane Street Group LLC purchased a new stake in Empire State Realty Trust in the 1st quarter worth approximately $1,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Empire State Realty Trust by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock worth $8,869,000 after acquiring an additional 98,148 shares during the period. Caxton Associates LLP purchased a new stake in Empire State Realty Trust in the 1st quarter worth approximately $474,000. Finally, Goldman Sachs Group Inc. grew its stake in Empire State Realty Trust by 137.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after acquiring an additional 1,798,850 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of 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 issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.43.

Empire State Realty Trust Price Performance

NYSE ESRT opened at $7.51 on Thursday. Empire State Realty Trust, Inc. has a 12 month low of $6.56 and a 12 month high of $11.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market capitalization of $1.27 billion, a PE ratio of 31.29 and a beta of 1.78. The company’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $7.73.

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

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 dividend yield of 1.9%. Empire State Realty Trust’s dividend payout ratio (DPR) 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.