Victory Capital Management Inc. Acquires 17,777 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Victory Capital Management Inc. grew its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,687 shares of the real estate investment trust’s stock after buying an additional 17,777 shares during the quarter. Victory Capital Management Inc. owned 0.16% of Empire State Realty Trust worth $2,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ESRT. Signaturefd LLC lifted its holdings 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 valued at $38,000 after buying an additional 1,524 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $59,000 after buying an additional 1,419 shares during the period. Ballentine Partners LLC bought a new position in shares of Empire State Realty Trust during the 3rd quarter valued at $129,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Empire State Realty Trust during the 2nd quarter valued at $137,000. Finally, Creative Planning lifted its holdings 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 valued at $140,000 after buying an additional 2,145 shares during the period. 67.10% of the stock is owned by institutional investors.

Empire State Realty Trust Trading Up 2.2 %

NYSE:ESRT opened at $11.08 on Friday. 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 firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 41.04 and a beta of 1.40. Empire State Realty Trust, Inc. has a one year low of $8.39 and a one year high of $11.62. The business has a fifty day moving average price of $10.93 and a 200-day moving average price of $10.25.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data 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 return on equity of 2.73% and a net margin of 6.22%. The company had revenue of $199.60 million during the quarter. During the same period last year, the business earned $0.25 EPS. Sell-side analysts forecast that Empire State Realty Trust, Inc. will post 0.93 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ESRT. Wells Fargo & Company increased their price target on Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 11th. BMO Capital Markets upped their price objective on 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. Finally, StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd.

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.