Ballentine Partners LLC Increases Position in Empire State Realty Trust, Inc. $ESRT

Ballentine Partners LLC boosted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 43.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,832 shares of the real estate investment trust’s stock after acquiring an additional 6,010 shares during the period. Ballentine Partners LLC’s holdings in Empire State Realty Trust were worth $160,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Empire State Realty Trust during the 1st quarter valued at about $37,000. US Bancorp DE grew its stake in Empire State Realty Trust by 22.4% during the 1st quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 1,824 shares in the last quarter. Versor Investments LP grew its stake in Empire State Realty Trust by 23.5% during the 1st quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 2,400 shares in the last quarter. DRW Securities LLC purchased a new stake in Empire State Realty Trust during the 1st quarter valued at about $105,000. Finally, Xponance Inc. purchased a new stake in shares of Empire State Realty Trust in the 1st quarter valued at approximately $124,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.43.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $7.67 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a market capitalization of $1.30 billion, a P/E ratio of 31.96 and a beta of 1.78. The company has a 50 day moving average price of $7.54 and a 200 day moving average price of $7.68. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62.

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 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. Equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.035 per share. The ex-dividend date was 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 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.