Algert Global LLC Has $1.48 Million Stock Holdings in Empire State Realty Trust, Inc. $ESRT

Key Points

• Algert Global LLC increased its stake in Empire State Realty Trust by 167.9%, acquiring an additional 118,690 shares during the 1st quarter, bringing its total to 189,391 shares worth about $1.48 million.
• The company declared a quarterly dividend of $0.035 per share, with an annualized dividend yield of 1.8%, to be paid on September 30th.
• Empire State Realty Trust's recent earnings report revealed an EPS of $0.22 and a revenue of $153.54 million for the quarter, while analysts predict an EPS of $0.88 for the current year.

Algert Global LLC increased its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 167.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,391 shares of the real estate investment trust's stock after purchasing an additional 118,690 shares during the quarter. Algert Global LLC owned approximately 0.11% of Empire State Realty Trust worth $1,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GF Fund Management CO. LTD. acquired a new position in shares of Empire State Realty Trust in the 4th quarter valued at $26,000. Sterling Capital Management LLC increased its stake in Empire State Realty Trust by 819.7% in the fourth quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 3,828 shares during the period. State of Wyoming acquired a new position in Empire State Realty Trust in the fourth quarter worth about $54,000. US Bancorp DE raised its position in Empire State Realty Trust by 22.4% in the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 1,824 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in Empire State Realty Trust during the fourth quarter worth about $103,000. Institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock traded down $0.10 during trading on Thursday, reaching $7.51. The company's stock had a trading volume of 180,707 shares, compared to its average volume of 1,558,687. The stock has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $7.86. The stock has a market capitalization of $1.27 billion, a P/E ratio of 31.27 and a beta of 1.70. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15. Empire State Realty Trust, Inc. has a one year low of $6.56 and a one year high of $11.62.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. The firm had revenue of $153.54 million for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, sell-side analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 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, September 30th. Investors of record on Monday, September 15th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.9%. Empire State Realty Trust's dividend payout ratio (DPR) is currently 58.33%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Empire State Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $10.43.

About Empire State Realty Trust

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.