Empire State Realty Trust, Inc. $ESRT Shares Acquired by Cubist Systematic Strategies LLC

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 position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 2,127.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,993 shares of the real estate investment trust's stock after purchasing an additional 689,581 shares during the period. Cubist Systematic Strategies LLC owned 0.43% of Empire State Realty Trust worth $5,646,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new position in Empire State Realty Trust during the 4th quarter worth approximately $26,000. Quantbot Technologies LP bought a new stake in Empire State Realty Trust in the first quarter valued at about $37,000. State of Wyoming bought a new stake in Empire State Realty Trust during the fourth quarter worth about $54,000. US Bancorp DE grew its stake in Empire State Realty Trust by 22.4% during the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust's stock worth $78,000 after buying an additional 1,824 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of Empire State Realty Trust by 23.5% during the first quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 67.10% of the company's stock.

Analyst Upgrades and Downgrades

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

Empire State Realty Trust Stock Down 0.4%

Shares of ESRT stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.75. 142,272 shares of the company's stock traded hands, compared to its average volume of 1,547,003. The company has a market cap of $1.31 billion, a P/E ratio of 32.27 and a beta of 1.78. The company's 50-day moving average price is $7.66 and its 200-day moving average price is $7.77. Empire State Realty Trust, Inc. has a 12 month low of $6.56 and a 12 month 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.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $153.54 million during 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. On average, equities analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

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 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 yield of 1.8%. Empire State Realty Trust's payout ratio is presently 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.