Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Acquired by Vestcor Inc

Vestcor Inc boosted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 308.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,231 shares of the real estate investment trust's stock after purchasing an additional 94,582 shares during the period. Vestcor Inc owned about 0.08% of Empire State Realty Trust worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ESRT. Vision Capital Corp increased its holdings in shares of 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 valued at $31,057,000 after purchasing an additional 1,245,211 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 acquired a new position in shares of Empire State Realty Trust in the second quarter worth about $7,926,000. 1832 Asset Management L.P. purchased a new stake in shares of Empire State Realty Trust during the 2nd quarter worth about $4,573,000. Finally, Barclays PLC boosted its stake in shares of Empire State Realty Trust by 133.2% during the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock worth $3,374,000 after acquiring an additional 173,965 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Price Performance

Shares of ESRT traded up $0.06 during mid-day trading on Thursday, hitting $11.16. 729,728 shares of the company were exchanged, compared to its average volume of 1,123,634. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 41.11 and a beta of 1.40. The company has a 50 day moving average of $10.94 and a 200-day moving average of $10.40.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). The business 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 in the previous year, the business posted $0.25 earnings per share. Analysts expect that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.25%. Empire State Realty Trust's dividend payout ratio is presently 51.85%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ESRT shares. StockNews.com cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, November 2nd. BMO Capital Markets upped their target price on 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. Finally, Wells Fargo & Company lifted their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Wednesday, September 11th.

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.