Ritholtz Wealth Management trimmed its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT – Free Report) by 22.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 112,527 shares of the real estate investment trust’s stock after selling 31,863 shares during the period. Ritholtz Wealth Management owned approximately 0.07% of Empire State Realty Trust worth $1,247,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Empire State Realty Trust in the 2nd quarter valued at approximately $137,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Empire State Realty Trust in the first quarter valued at approximately $143,000. Inspire Advisors LLC purchased a new stake in Empire State Realty Trust during the 2nd quarter worth approximately $171,000. MQS Management LLC purchased a new position in Empire State Realty Trust in the 1st quarter valued at approximately $172,000. Finally, Capital Investment Counsel Inc acquired a new position in shares of Empire State Realty Trust in the second quarter worth $186,000. Institutional investors and hedge funds own 67.10% of the company’s stock.
Empire State Realty Trust Stock Up 0.8 %
Empire State Realty Trust stock opened at $11.03 on Monday. The stock has a market cap of $1.82 billion, a PE ratio of 36.77 and a beta of 1.40. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24. The stock’s fifty day moving average is $10.60 and its two-hundred day moving average is $9.95. Empire State Realty Trust, Inc. has a 1-year low of $7.34 and a 1-year high of $11.43.
Empire State Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, September 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is 46.67%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on ESRT shares. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. BMO Capital Markets lifted 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 upped their target price 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.
Read Our Latest Research Report on Empire State Realty Trust
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.
Read More
- Five stocks we like better than Empire State Realty Trust
- Where to Find Earnings Call Transcripts
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust, Inc. (NYSE:ESRT – Free Report).
Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.