Martingale Asset Management L P Has $441,000 Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Martingale Asset Management L P increased its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,819 shares of the real estate investment trust’s stock after purchasing an additional 5,288 shares during the period. Martingale Asset Management L P’s holdings in Empire State Realty Trust were worth $441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new stake in Empire State Realty Trust in the second quarter worth $7,926,000. Vision Capital Corp increased its position 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. GSA Capital Partners LLP acquired a new stake in Empire State Realty Trust during the 3rd quarter worth $256,000. 1832 Asset Management L.P. bought a new position in Empire State Realty Trust during the second quarter worth about $4,573,000. Finally, Victory Capital Management Inc. grew its stake in Empire State Realty Trust by 7.3% in the third quarter. Victory Capital Management Inc. now owns 262,687 shares of the real estate investment trust’s stock valued at $2,911,000 after acquiring an additional 17,777 shares during the period. Institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ESRT shares. BMO Capital Markets raised their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Finally, Wells Fargo & Company increased their price objective on shares of 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.

Empire State Realty Trust Stock Down 0.1 %

Empire State Realty Trust stock opened at $10.83 on Wednesday. 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, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62. The company has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.33. The company has a market cap of $1.81 billion, a P/E ratio of 40.11 and a beta of 1.41.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The company had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. During the same quarter in the prior year, the company posted $0.25 earnings per share. Research analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

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.