Empire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Up 5.5% in November

Empire State Realty Trust, Inc. (NYSE:ESRT) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 4,780,000 shares, a growth of 5.5% from the October 31st total of 4,530,000 shares. Based on an average daily volume of 1,220,000 shares, the short-interest ratio is presently 3.9 days. Approximately 3.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Empire State Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESRT. Price T Rowe Associates Inc. MD boosted its holdings in Empire State Realty Trust by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 103,709 shares of the real estate investment trust’s stock valued at $1,051,000 after purchasing an additional 4,727 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Empire State Realty Trust by 63.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 63,450 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 24,580 shares during the period. Vanderbilt University boosted its holdings in shares of Empire State Realty Trust by 70.1% in the second quarter. Vanderbilt University now owns 26,156 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 10,779 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Empire State Realty Trust by 9.3% in the second quarter. Assenagon Asset Management S.A. now owns 36,763 shares of the real estate investment trust’s stock valued at $345,000 after acquiring an additional 3,120 shares during the period. Finally, Capital Investment Counsel Inc acquired a new stake in shares of Empire State Realty Trust in the second quarter valued at approximately $186,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock opened at $10.96 on Thursday. Empire State Realty Trust has a one year low of $8.78 and a one year high of $11.62. The company has a market cap of $1.83 billion, a PE ratio of 40.57 and a beta of 1.41. 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 business has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $10.33.

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

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.