Hotchkis & Wiley Capital Management LLC Acquires 44,630 Shares of Empire State Realty Trust, Inc. $ESRT

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its stake in Empire State Realty Trust by 3.8%, owning 1,228,240 shares valued at approximately $9.6 million.
• Empire State Realty Trust has declared a quarterly dividend of $0.035 per share, with a 1.8% yield and a payout ratio of 58.33%.
• The company's stock has experienced a 4.9% increase, trading at $7.6550, with a 52-week range between $6.56 and $11.62.

Hotchkis & Wiley Capital Management LLC grew its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,228,240 shares of the real estate investment trust's stock after purchasing an additional 44,630 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.73% of Empire State Realty Trust worth $9,605,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new position in shares of Empire State Realty Trust in the fourth quarter valued at $26,000. Quantbot Technologies LP acquired a new stake in Empire State Realty Trust during the 1st quarter valued at $37,000. State of Wyoming bought a new position in Empire State Realty Trust during the fourth quarter worth $54,000. US Bancorp DE lifted its position 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 acquiring an additional 1,824 shares during the last quarter. Finally, Versor Investments LP grew its position in shares of Empire State Realty Trust by 23.5% in 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.

Empire State Realty Trust Stock Up 4.9%

ESRT stock opened at $7.6550 on Monday. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 31.90 and a beta of 1.70. 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 stock has a fifty day moving average of $7.80 and a 200-day moving average of $7.88.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $153.54 million for the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, equities research analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, September 15th. Empire State Realty Trust's dividend payout ratio is presently 58.33%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ESRT shares. Wells Fargo & Company dropped their price objective on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Empire State Realty Trust currently has a consensus rating of "Hold" and a consensus target price 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.

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