Universal Beteiligungs und Servicegesellschaft mbH Acquires 634,543 Shares of Empire State Realty Trust, Inc. $ESRT

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 131.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,118,081 shares of the real estate investment trust’s stock after purchasing an additional 634,543 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.66% of Empire State Realty Trust worth $8,564,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Empire State Realty Trust by 1,704.7% in the 2nd quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 7,671 shares during the period. Simplex Trading LLC lifted its position in shares of Empire State Realty Trust by 869.5% during the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 7,408 shares during the period. Raymond James Financial Inc. acquired a new stake in Empire State Realty Trust in the 2nd quarter valued at $74,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Empire State Realty Trust in the 2nd quarter valued at $85,000. Finally, Wealthstream Advisors Inc. bought a new stake in Empire State Realty Trust in the second quarter valued at $94,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $6.71 on Monday. The stock’s fifty day moving average is $6.68 and its 200-day moving average is $7.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.33 and a current ratio of 4.33. Empire State Realty Trust, Inc. has a 52 week low of $6.09 and a 52 week high of $9.85. The stock has a market capitalization of $1.14 billion, a PE ratio of 31.93 and a beta of 1.34.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESRT. Weiss Ratings reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a report on Monday, December 29th. Wells Fargo & Company cut their price target on shares of Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating for the company in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Empire State Realty Trust currently has a consensus rating of “Hold” and an average price target of $8.40.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.