Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,324 shares of the real estate investment trust’s stock after buying an additional 3,697 shares during the period. Public Employees Retirement System of Ohio’s holdings in Empire State Realty Trust were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in Empire State Realty Trust by 9.3% during the second quarter. Assenagon Asset Management S.A. now owns 36,763 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 3,120 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Empire State Realty Trust by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 848,486 shares of the real estate investment trust’s stock valued at $7,959,000 after buying an additional 37,370 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Empire State Realty Trust by 7.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,093 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 4,397 shares during the last quarter. Principal Financial Group Inc. increased its stake in Empire State Realty Trust by 9.6% during the 2nd quarter. Principal Financial Group Inc. now owns 94,872 shares of the real estate investment trust’s stock worth $890,000 after buying an additional 8,288 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Empire State Realty Trust by 5.4% during the second quarter. Van ECK Associates Corp now owns 23,718 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock opened at $11.07 on Wednesday. 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 business’s 50 day moving average price is $10.96 and its 200 day moving average price is $10.46. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 40.98 and a beta of 1.40. Empire State Realty Trust, Inc. has a one year low of $8.78 and a one year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 for the quarter. During the same quarter last year, the firm posted $0.25 earnings per share. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.93 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.27%. Empire State Realty Trust’s dividend payout ratio is currently 51.85%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ESRT shares. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Wells Fargo & Company upped their target price on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets raised their price target on shares of 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.

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.