UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 392.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,099,288 shares of the real estate investment trust's stock after buying an additional 875,836 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.66% of Empire State Realty Trust worth $12,180,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Vision Capital Corp boosted its holdings in shares of 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 buying an additional 1,245,211 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Empire State Realty Trust in the second quarter valued at approximately $7,926,000. 1832 Asset Management L.P. purchased a new position in Empire State Realty Trust in the second quarter worth $4,573,000. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $41,648,000 after purchasing an additional 171,056 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Empire State Realty Trust by 142.5% during the second quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust's stock worth $2,396,000 after purchasing an additional 150,100 shares in the last quarter. Institutional investors own 67.10% of the company's stock.
Empire State Realty Trust Stock Performance
ESRT stock traded down $0.04 during midday trading on Friday, reaching $10.89. The stock had a trading volume of 542,502 shares, compared to its average volume of 1,071,625. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $10.36. The stock has a market cap of $1.82 billion, a PE ratio of 40.33 and a beta of 1.40. Empire State Realty Trust, Inc. has a 52-week low of $8.78 and a 52-week high of $11.62.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued 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). Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. The firm had revenue of $199.60 million during the quarter. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, equities research analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 EPS for the current year.
Empire State Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.29%. Empire State Realty Trust's payout ratio is 51.85%.
Analyst Ratings Changes
Several brokerages recently weighed in on ESRT. 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 note on Wednesday, September 11th. StockNews.com lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note 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 company an "outperform" rating in a research report on Friday, November 15th.
Check Out Our Latest Research Report on Empire State Realty Trust
About Empire State Realty Trust
(
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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