Martingale Asset Management L P Purchases 5,288 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Martingale Asset Management L P lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,819 shares of the real estate investment trust’s stock after purchasing an additional 5,288 shares during the period. Martingale Asset Management L P’s holdings in Empire State Realty Trust were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vision Capital Corp boosted its holdings 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 valued at $31,057,000 after purchasing an additional 1,245,211 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Empire State Realty Trust by 392.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock valued at $12,180,000 after buying an additional 875,836 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Empire State Realty Trust in the second quarter valued at approximately $7,926,000. 1832 Asset Management L.P. acquired a new stake in Empire State Realty Trust during the second quarter worth approximately $4,573,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Empire State Realty Trust by 4.8% during the 3rd 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 acquiring an additional 171,056 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th. StockNews.com cut 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 increased their price objective on shares of 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.

Empire State Realty Trust Stock Down 0.1 %

NYSE ESRT opened at $10.83 on Wednesday. Empire State Realty Trust, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.62. The business has a fifty day moving average price of $10.93 and a two-hundred day moving average price of $10.33. 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 stock has a market capitalization of $1.81 billion, a PE ratio of 40.11 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 earnings per share for the quarter, missing the consensus estimate 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 business earned $0.25 earnings per share. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

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.