GSA Capital Partners LLP Buys 68,720 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Key Points

• GSA Capital Partners LLP increased its stake in Empire State Realty Trust by 173.6%, owning 108,314 shares worth approximately $847,000 by the end of the quarter.
• Empire State Realty Trust recently declared a quarterly dividend of $0.035 per share, resulting in an annualized dividend yield of 2.0%.
• Analysts have issued mixed ratings on Empire State Realty Trust, with Wells Fargo lowering its price target to $8.30, reflecting concerns about the stock's performance.

GSA Capital Partners LLP grew its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 173.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,314 shares of the real estate investment trust's stock after purchasing an additional 68,720 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Empire State Realty Trust worth $847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Empire State Realty Trust in the 4th quarter valued at approximately $310,000. Vanguard Group Inc. grew its stake in shares of Empire State Realty Trust by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust's stock valued at $204,800,000 after acquiring an additional 461,421 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Empire State Realty Trust by 5.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust's stock worth $17,642,000 after purchasing an additional 93,539 shares during the last quarter. Norges Bank bought a new position in Empire State Realty Trust in the fourth quarter worth about $4,725,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Empire State Realty Trust by 16.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust's stock worth $16,480,000 after acquiring an additional 227,953 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Empire State Realty Trust Trading Down 0.3%

Shares of ESRT traded down $0.03 on Tuesday, reaching $7.20. 604,095 shares of the company's stock were exchanged, compared to its average volume of 1,589,368. 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 current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.21 billion, a P/E ratio of 29.98 and a beta of 1.70. The business has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $8.10.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 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 2.46%. Research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, June 13th. Empire State Realty Trust's dividend payout ratio (DPR) is currently 58.33%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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 on the stock in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, May 19th. Finally, Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Empire State Realty Trust currently has an average rating of "Hold" and a consensus target price 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.