Cubist Systematic Strategies LLC Increases Holdings in Empire State Realty Trust, Inc. $ESRT

Key Points

• Cubist Systematic Strategies LLC increased its stake in Empire State Realty Trust by 2,127.5%, acquiring an additional 689,581 shares to hold a total of 721,993 shares valued at approximately $5.6 million.
• Several institutional investors have also significantly increased their holdings, with 67.10% of the company's stock now owned by institutional investors.
• Empire State Realty Trust recently declared a quarterly dividend of $0.035, representing a 1.8% yield and a payout ratio of 58.33%.

Cubist Systematic Strategies LLC increased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 2,127.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 721,993 shares of the real estate investment trust's stock after buying an additional 689,581 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.43% of Empire State Realty Trust worth $5,646,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Empire State Realty Trust during the first quarter worth about $21,703,000. Centersquare Investment Management LLC boosted its position in shares of Empire State Realty Trust by 6,189.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust's stock valued at $21,943,000 after purchasing an additional 2,761,385 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Empire State Realty Trust by 42.4% during the 4th quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock worth $95,306,000 after buying an additional 2,750,045 shares in the last quarter. Northern Trust Corp grew its holdings in Empire State Realty Trust by 42.1% during the 4th quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust's stock valued at $26,835,000 after buying an additional 771,017 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Empire State Realty Trust by 53.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,118,085 shares of the real estate investment trust's stock worth $21,859,000 after buying an additional 741,234 shares during the period. Institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Trading Down 2.6%

Empire State Realty Trust stock traded down $0.21 during midday trading on Monday, reaching $7.77. The stock had a trading volume of 733,727 shares, compared to its average volume of 1,552,713. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 32.31 and a beta of 1.78. The company has a fifty day moving average of $7.67 and a 200 day moving average of $7.78. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. Empire State Realty Trust, Inc. has a 52-week low of $6.56 and a 52-week 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 earnings per share for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The business had revenue of $153.54 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. On average, analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm 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. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, September 15th. Empire State Realty Trust's payout ratio is currently 58.33%.

Analyst Upgrades and Downgrades

ESRT has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a report on Monday, May 19th. Wall Street Zen upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.43.

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.