Fmr LLC Buys 102,658 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Fmr LLC lifted its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,285 shares of the real estate investment trust’s stock after acquiring an additional 102,658 shares during the period. Fmr LLC owned approximately 0.28% of Empire State Realty Trust worth $5,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vision Capital Corp boosted its stake in Empire State Realty Trust by 79.9% in the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock worth $31,057,000 after purchasing an additional 1,245,211 shares during the period. Lighthouse Investment Partners LLC bought a new stake in shares of Empire State Realty Trust in the second quarter valued at about $7,926,000. 1832 Asset Management L.P. acquired a new position in shares of Empire State Realty Trust during the second quarter worth about $4,573,000. Charles Schwab Investment Management Inc. boosted its position in shares of Empire State Realty Trust by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after buying an additional 171,056 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Empire State Realty Trust by 142.5% during the second quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock worth $2,396,000 after buying an additional 150,100 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Up 0.5 %

ESRT stock opened at $11.16 on Friday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 41.33 and a beta of 1.40. Empire State Realty Trust, Inc. has a twelve month low of $8.78 and a twelve month high of $11.62. The business has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $10.41. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share 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 firm had revenue of $199.60 million during the quarter. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 16th. Empire State Realty Trust’s payout ratio is currently 51.85%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ESRT. Wells Fargo & Company raised their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. Finally, 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 report on Friday, November 15th.

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.