Wolverine Asset Management LLC bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 107,769 shares of the real estate investment trust's stock, valued at approximately $1,194,000. Wolverine Asset Management LLC owned 0.06% of Empire State Realty Trust at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Empire State Realty Trust by 81.6% during the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,524 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 1,419 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Empire State Realty Trust during the third quarter valued at approximately $129,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Empire State Realty Trust in the second quarter worth $137,000. Finally, Creative Planning lifted its holdings in shares of Empire State Realty Trust by 20.5% in the third quarter. Creative Planning now owns 12,598 shares of the real estate investment trust's stock worth $140,000 after buying an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.
Empire State Realty Trust Stock Down 0.1 %
Shares of ESRT traded down $0.01 during mid-day trading on Wednesday, hitting $10.60. The company's stock had a trading volume of 1,347,861 shares, compared to its average volume of 1,131,862. The company has a current ratio of 3.72, a quick ratio of 4.05 and a debt-to-equity ratio of 1.23. The company's 50-day moving average is $10.86 and its 200-day moving average is $10.18. Empire State Realty Trust, Inc. has a 52-week low of $8.39 and a 52-week high of $11.62. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 39.26 and a beta of 1.40.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released 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). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The company had revenue of $199.60 million during the quarter. During the same period last year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have issued reports on ESRT shares. StockNews.com downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, November 2nd. BMO Capital Markets boosted their price target on shares of Empire State Realty Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Finally, Wells Fargo & Company increased their price objective on shares of 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.
View Our Latest Stock Analysis on ESRT
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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