Natixis Advisors LLC Acquires Shares of 76,236 Empire State Realty Trust, Inc. (NYSE:ESRT)

Natixis Advisors LLC acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,236 shares of the real estate investment trust’s stock, valued at approximately $844,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESRT. Signaturefd LLC raised its position in shares of Empire State Realty Trust by 81.6% during the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,524 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,419 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter worth approximately $129,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Empire State Realty Trust during the 2nd quarter worth approximately $137,000. Finally, Creative Planning raised its position in shares of Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 2,145 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of NYSE ESRT opened at $11.08 on Thursday. The stock has a fifty day moving average price of $10.95 and a two-hundred day moving average price of $10.29. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market cap of $1.85 billion, a P/E ratio of 41.67 and a beta of 1.40. Empire State Realty Trust, Inc. has a 1 year low of $8.42 and a 1 year high of $11.62.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price objective 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. Finally, StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd.

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.