Empire State Realty Trust, Inc. $ESRT Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 38.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,135,511 shares of the real estate investment trust's stock after acquiring an additional 314,113 shares during the quarter. Nordea Investment Management AB owned 0.67% of Empire State Realty Trust worth $9,112,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new position in Empire State Realty Trust in the 1st quarter worth about $21,703,000. Centersquare Investment Management LLC grew its holdings in Empire State Realty Trust by 6,189.6% in the first 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. Goldman Sachs Group Inc. increased its position in shares of Empire State Realty Trust by 137.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust's stock valued at $24,284,000 after buying an additional 1,798,850 shares in the last quarter. Millennium Management LLC raised its stake in shares of Empire State Realty Trust by 88.7% during the 1st quarter. Millennium Management LLC now owns 2,786,559 shares of the real estate investment trust's stock worth $21,791,000 after buying an additional 1,309,913 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Empire State Realty Trust by 2,127.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 721,993 shares of the real estate investment trust's stock valued at $5,646,000 after buying an additional 689,581 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Down 0.2%

NYSE ESRT opened at $7.26 on Tuesday. The business has a fifty day moving average price of $7.56 and a 200 day moving average price of $7.63. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. The company has a market cap of $1.23 billion, a P/E ratio of 30.23 and a beta of 1.79. Empire State Realty Trust, Inc. has a one year low of $6.56 and a one year high of $11.55.

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 business 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. Research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 15th. Empire State Realty Trust's dividend payout ratio (DPR) is 58.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ESRT shares. Wall Street Zen raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Empire State Realty Trust in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Empire State Realty Trust 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.

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