GSA Capital Partners LLP Has $847,000 Position in 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 lifted its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 173.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,314 shares of the real estate investment trust's stock after acquiring an additional 68,720 shares during the quarter. GSA Capital Partners LLP owned approximately 0.06% of Empire State Realty Trust worth $847,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its stake in Empire State Realty Trust by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,131 shares during the last quarter. MetLife Investment Management LLC grew its stake in Empire State Realty Trust by 2.3% in the 4th quarter. MetLife Investment Management LLC now owns 83,357 shares of the real estate investment trust's stock valued at $860,000 after buying an additional 1,855 shares during the last quarter. Cetera Investment Advisers grew its stake in Empire State Realty Trust by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 20,868 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 2,552 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Empire State Realty Trust in the 4th quarter valued at $26,000. Finally, SG Americas Securities LLC grew its position in Empire State Realty Trust by 6.9% in the 1st quarter. SG Americas Securities LLC now owns 42,372 shares of the real estate investment trust's stock worth $331,000 after purchasing an additional 2,736 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT traded down $0.09 during midday trading on Friday, reaching $7.15. 1,689,183 shares of the company's stock were exchanged, compared to its average volume of 1,833,964. The company's 50 day simple moving average is $8.00 and its two-hundred day simple moving average is $8.13. The firm has a market capitalization of $1.20 billion, a PE ratio of 29.79 and a beta of 1.70. 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 debt-to-equity ratio of 1.15, a quick ratio of 3.83 and a current ratio of 3.83.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.46%. The firm had revenue of $153.54 million during the quarter. Equities research 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, June 13th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 58.33%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup restated a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Wall Street Zen lowered shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company decreased their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.43.

Empire State Realty Trust Company 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.