Hotchkis & Wiley Capital Management LLC Buys 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 boosted its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the 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 quarter. Hotchkis & Wiley Capital Management LLC owned about 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. GSA Capital Partners LLP increased its holdings in Empire State Realty Trust by 173.6% in the first quarter. GSA Capital Partners LLP now owns 108,314 shares of the real estate investment trust's stock worth $847,000 after purchasing an additional 68,720 shares in the last quarter. GAMMA Investing LLC increased its holdings in Empire State Realty Trust by 654.8% in the first quarter. GAMMA Investing LLC now owns 30,443 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 26,410 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Empire State Realty Trust in the first quarter worth approximately $610,000. SG Americas Securities LLC increased its holdings in Empire State Realty Trust by 6.9% in the first 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 in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Empire State Realty Trust by 10.7% in the first quarter. Principal Financial Group Inc. now owns 118,951 shares of the real estate investment trust's stock worth $930,000 after purchasing an additional 11,460 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ESRT. Wall Street Zen upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Wells Fargo & Company decreased 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. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.43.

Empire State Realty Trust Stock Up 0.3%

Shares of NYSE ESRT traded up $0.03 during midday trading on Friday, hitting $7.66. 1,461,631 shares of the stock traded hands, compared to its average volume of 1,328,326. The company has a market cap of $1.30 billion, a PE ratio of 31.90 and a beta of 1.70. Empire State Realty Trust, Inc. has a one year low of $6.56 and a one year high of $11.62. The business has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $7.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03.

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 return on equity of 2.45% and a net margin of 5.67%.The business had revenue of $153.54 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. On average, equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS 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 issued a dividend of $0.035 per share. The ex-dividend date is Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 1.8%. Empire State Realty Trust's dividend payout ratio is 58.33%.

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.