FMR LLC grew its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 28.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 467,285 shares of the real estate investment trust's stock after acquiring an additional 102,658 shares during the period. FMR LLC owned about 0.28% of Empire State Realty Trust worth $5,178,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ESRT. Vision Capital Corp lifted its position in Empire State Realty Trust by 79.9% during the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust's stock worth $31,057,000 after acquiring an additional 1,245,211 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Empire State Realty Trust by 3,139.1% during the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 4,332 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Empire State Realty Trust by 6.4% during the third quarter. Daiwa Securities Group Inc. now owns 44,950 shares of the real estate investment trust's stock valued at $498,000 after purchasing an additional 2,717 shares during the period. Algert Global LLC lifted its position in shares of Empire State Realty Trust by 42.0% during the third quarter. Algert Global LLC now owns 58,047 shares of the real estate investment trust's stock worth $643,000 after purchasing an additional 17,160 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Empire State Realty Trust by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust's stock valued at $41,648,000 after purchasing an additional 171,056 shares during the period. Institutional investors and hedge funds own 67.10% of the company's stock.
Empire State Realty Trust Stock Up 0.6 %
NYSE ESRT traded up $0.07 during trading hours on Friday, reaching $11.23. 805,830 shares of the company traded hands, compared to its average volume of 1,122,315. The company has a 50 day moving average of $10.95 and a two-hundred day moving average of $10.41. The stock has a market capitalization of $1.87 billion, a PE ratio of 41.33 and a beta of 1.40. 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 current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $199.60 million for the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, equities analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.
Empire State Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.25%. Empire State Realty Trust's dividend payout ratio (DPR) is 51.85%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ESRT. BMO Capital Markets lifted their price target 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. Wells Fargo & Company lifted 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. Finally, StockNews.com lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, November 2nd.
Get Our Latest Analysis on Empire State Realty Trust
Empire State Realty Trust Company Profile
(
Free Report)
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.
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