GSA Capital Partners LLP Buys New Shares in Empire State Realty Trust, Inc. (NYSE:ESRT)

GSA Capital Partners LLP bought a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,066 shares of the real estate investment trust’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Empire State Realty Trust by 81.6% during the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,524 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,419 shares during the period. Ballentine Partners LLC bought a new stake in Empire State Realty Trust during the third quarter valued at about $129,000. Mercer Global Advisors Inc. ADV bought a new stake in Empire State Realty Trust during the second quarter valued at about $137,000. Finally, Creative Planning raised its holdings in Empire State Realty Trust by 20.5% during the third quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 2,145 shares during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Performance

Shares of ESRT stock opened at $11.08 on Friday. The business’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $10.25. The company has a market cap of $1.85 billion, a PE ratio of 41.04 and a beta of 1.40. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 12-month low of $8.39 and a 12-month high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. The business had revenue of $199.60 million during the quarter. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ESRT shares. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. BMO Capital Markets lifted their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th.

About Empire State Realty Trust

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.