Cwm LLC Grows Stock Holdings in Empire State Realty Trust, Inc. $ESRT

Cwm LLC boosted its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1,704.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,121 shares of the real estate investment trust’s stock after buying an additional 7,671 shares during the period. Cwm LLC’s holdings in Empire State Realty Trust were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Empire State Realty Trust during the first quarter worth about $37,000. US Bancorp DE grew its position in shares of 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 buying an additional 1,824 shares during the last quarter. Versor Investments LP lifted its holdings in shares of Empire State Realty Trust by 23.5% in the 1st 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 last quarter. DRW Securities LLC acquired a new stake in shares of Empire State Realty Trust in the 1st quarter worth about $105,000. Finally, Xponance Inc. acquired a new position in Empire State Realty Trust during the 1st quarter worth $124,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

ESRT stock opened at $7.39 on Tuesday. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.43. The business has a fifty day moving average price of $7.61 and a 200 day moving average price of $7.68. 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 stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 35.19 and a beta of 1.79.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.23 earnings per share for the quarter. Empire State Realty Trust had a return on equity of 2.13% and a net margin of 4.96%.The company had revenue of $158.41 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 15th. Empire State Realty Trust’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

ESRT has been the subject of a number of research reports. Wall Street Zen upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.