16,447 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Purchased by Custom Index Systems LLC

Custom Index Systems LLC purchased a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,447 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Several other hedge funds have also recently modified their holdings of the stock. Lighthouse Investment Partners LLC acquired a new position in Empire State Realty Trust in the 2nd quarter valued at $7,926,000. Vanguard Group Inc. increased its holdings in shares of Empire State Realty Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 19,287,935 shares of the real estate investment trust’s stock valued at $195,387,000 after purchasing an additional 175,718 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Empire State Realty Trust in the second quarter valued at about $4,573,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Empire State Realty Trust in the first quarter valued at about $2,896,000. Finally, ProShare Advisors LLC boosted its holdings in Empire State Realty Trust by 8.5% during the first quarter. ProShare Advisors LLC now owns 23,747 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,868 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ESRT shares. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets raised their price objective on Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company boosted their target price 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.

Empire State Realty Trust Stock Up 0.4 %

Shares of NYSE ESRT opened at $10.90 on Monday. The firm’s 50-day moving average is $10.79 and its two-hundred day moving average is $10.05. The company has a market capitalization of $1.80 billion, a PE ratio of 36.33 and a beta of 1.40. Empire State Realty Trust, Inc. has a 12-month low of $7.43 and a 12-month high of $11.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 4.05 and a quick ratio of 4.05.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results 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 net margin of 6.22% and a return on equity of 2.74%. During the same quarter in the previous year, the business posted $0.25 EPS. Equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Monday, September 16th. Empire State Realty Trust’s dividend payout ratio is presently 46.67%.

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.