Cbre Investment Management Listed Real Assets LLC Has $9.01 Million Stock Holdings in Empire State Realty Trust, Inc. $ESRT

Key Points

• CBRE Investment Management reduced its stake in Empire State Realty Trust by 40.7%, selling 790,784 shares and now owning approximately 0.69% of the company.
• Empire State Realty Trust's stock price increased by 4.9%, and the stock currently holds a market capitalization of $1.30 billion with a 52-week price range of $6.56 to $11.62.
• The company recently announced a quarterly dividend of $0.035 per share, reflecting an annualized yield of 1.8% and a payout ratio of 58.33%.

Cbre Investment Management Listed Real Assets LLC lowered its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,152,474 shares of the real estate investment trust's stock after selling 790,784 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.69% of Empire State Realty Trust worth $9,012,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. acquired a new stake in Empire State Realty Trust in the fourth quarter worth about $26,000. Quantbot Technologies LP acquired a new stake in Empire State Realty Trust in the first quarter worth about $37,000. Sterling Capital Management LLC lifted its holdings 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 worth $44,000 after purchasing an additional 3,828 shares during the period. State of Wyoming acquired a new stake in Empire State Realty Trust in the fourth quarter worth about $54,000. Finally, US Bancorp DE lifted its holdings 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 during the period. Institutional investors own 67.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ESRT. Wall Street Zen raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company cut their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a report on Monday, May 19th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.43.

Empire State Realty Trust Stock Down 0.6%

Shares of Empire State Realty Trust stock traded down $0.05 during midday trading on Tuesday, hitting $7.47. The company's stock had a trading volume of 1,268,761 shares, compared to its average volume of 1,412,733. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.27 billion, a P/E ratio of 8.25 and a beta of 1.70. The stock has a 50-day simple moving average of $7.75 and a 200-day simple moving average of $7.87.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The firm had revenue of $153.54 million for the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, sell-side analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is currently 58.33%.

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.