Barclays PLC Boosts Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Barclays PLC boosted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 133.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 304,539 shares of the real estate investment trust’s stock after purchasing an additional 173,965 shares during the period. Barclays PLC owned about 0.18% of Empire State Realty Trust worth $3,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in Empire State Realty Trust by 1.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 195,324 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 3,697 shares during the period. Jane Street Group LLC lifted its holdings in Empire State Realty Trust by 95.4% in the 3rd quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock valued at $2,533,000 after purchasing an additional 111,589 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Empire State Realty Trust during the 3rd quarter worth $115,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Empire State Realty Trust during the third quarter worth $25,000. Finally, Martingale Asset Management L P raised its position in shares of Empire State Realty Trust by 15.3% in the third quarter. Martingale Asset Management L P now owns 39,819 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 5,288 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ESRT shares. BMO Capital Markets upped their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, 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 note on Wednesday, September 11th.

Insiders Place Their Bets

In related news, EVP Thomas P. Durels sold 3,193 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total transaction of $34,803.70. Following the completion of the transaction, the executive vice president now directly owns 96,807 shares of the company’s stock, valued at $1,055,196.30. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.01% of the stock is currently owned by insiders.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $10.07 on Tuesday. The firm’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.49. Empire State Realty Trust, Inc. has a 12 month low of $8.78 and a 12 month high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $1.68 billion, a PE ratio of 37.30 and a beta of 1.41.

Empire State Realty Trust (NYSE:ESRT) last released 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 business had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. During the same quarter in the previous year, the company earned $0.25 EPS. Analysts predict that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.14 annualized dividend and a yield of 1.39%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Empire State Realty Trust 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.