IFM Investors Pty Ltd Has $177,000 Stake in Empire State Realty Trust, Inc. $ESRT

IFM Investors Pty Ltd decreased its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,891 shares of the real estate investment trust’s stock after selling 5,476 shares during the quarter. IFM Investors Pty Ltd’s holdings in Empire State Realty Trust were worth $177,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ESRT. Ameriprise Financial Inc. lifted its position in shares of Empire State Realty Trust by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 9,711,834 shares of the real estate investment trust’s stock worth $75,915,000 after buying an additional 476,793 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $24,284,000 after acquiring an additional 1,798,850 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Empire State Realty Trust by 6,189.6% during the first quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust’s stock valued at $21,943,000 after purchasing an additional 2,761,385 shares during the last quarter. Millennium Management LLC grew its holdings in Empire State Realty Trust by 88.7% during the first quarter. Millennium Management LLC now owns 2,786,559 shares of the real estate investment trust’s stock valued at $21,791,000 after purchasing an additional 1,309,913 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Empire State Realty Trust during the first quarter valued at approximately $21,703,000. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Stock Performance

Shares of NYSE:ESRT opened at $7.56 on Wednesday. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week 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 business’s fifty day moving average price is $7.54 and its two-hundred day moving average price is $7.69. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 31.48 and a beta of 1.78.

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 during the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm 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 is Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a yield of 1.9%. Empire State Realty Trust’s dividend payout ratio is 58.33%.

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 report on Saturday, August 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.43.

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.