Short Interest in Empire State Realty Trust, Inc. (NYSE:ESRT) Decreases By 5.3%

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 5,020,000 shares, a drop of 5.3% from the July 31st total of 5,300,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 4.6 days. Approximately 3.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ESRT. GAMMA Investing LLC acquired a new position in shares of Empire State Realty Trust in the 4th quarter worth $34,000. Russell Investments Group Ltd. increased its stake in Empire State Realty Trust by 87.6% in the 4th quarter. Russell Investments Group Ltd. now owns 76,440 shares of the real estate investment trust's stock worth $741,000 after purchasing an additional 35,700 shares in the last quarter. Van ECK Associates Corp raised its holdings in Empire State Realty Trust by 23.6% during the 4th quarter. Van ECK Associates Corp now owns 21,602 shares of the real estate investment trust's stock worth $209,000 after buying an additional 4,127 shares during the period. Victory Capital Management Inc. lifted its stake in Empire State Realty Trust by 474.1% during the fourth quarter. Victory Capital Management Inc. now owns 81,821 shares of the real estate investment trust's stock valued at $793,000 after buying an additional 67,568 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Empire State Realty Trust by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,285,543 shares of the real estate investment trust's stock worth $31,837,000 after buying an additional 245,458 shares during the period. Institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Price Performance

NYSE:ESRT traded up $0.13 during mid-day trading on Monday, reaching $10.79. 2,795,400 shares of the stock were exchanged, compared to its average volume of 1,098,488. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.23. The business has a fifty day moving average price of $10.19 and a 200 day moving average price of $9.76. Empire State Realty Trust has a 1-year low of $7.25 and a 1-year high of $11.20. The firm has a market capitalization of $1.78 billion, a PE ratio of 35.97, a PEG ratio of 6.52 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a net margin of 5.89% and a return on equity of 2.57%. The business had revenue of $189.54 million for the quarter. During the same period last year, the business posted $0.26 EPS. Research analysts expect that Empire State Realty Trust will post 0.94 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.035 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.14 annualized dividend and a yield of 1.30%. Empire State Realty Trust's dividend payout ratio (DPR) is 46.67%.

Analyst Ratings Changes

ESRT has been the subject of a number of research analyst reports. StockNews.com lowered shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Friday, July 26th. BMO Capital Markets boosted their target price on Empire State Realty Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, July 19th.

About Empire State Realty Trust

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.