Invesco Ltd. Has $4.60 Million Stake in Empire State Realty Trust, Inc. $ESRT

Key Points

• Invesco Ltd. has reduced its stake in Empire State Realty Trust by 17.2% during Q1, now holding approximately 0.35% of the company valued at $4.6 million.
• Several institutional investors have significantly increased their positions, with Centersquare Investment Management LLC raising its stake by an impressive 6,189.6%.
• The company recently announced a quarterly dividend of $0.035 per share, yielding 1.8% annually, with the ex-dividend date set for September 15th.

Invesco Ltd. lowered its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,651 shares of the real estate investment trust's stock after selling 122,295 shares during the period. Invesco Ltd. owned about 0.35% of Empire State Realty Trust worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ESRT. Centersquare Investment Management LLC grew its position 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 in the last quarter. Ameriprise Financial Inc. grew its position in Empire State Realty Trust by 42.4% in the fourth quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock valued at $95,306,000 after purchasing an additional 2,750,045 shares in the last quarter. Northern Trust Corp grew its position in Empire State Realty Trust by 42.1% in the fourth quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust's stock valued at $26,835,000 after purchasing an additional 771,017 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Empire State Realty Trust by 53.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,118,085 shares of the real estate investment trust's stock valued at $21,859,000 after purchasing an additional 741,234 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Empire State Realty Trust by 26.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,886,750 shares of the real estate investment trust's stock valued at $29,791,000 after purchasing an additional 601,077 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Stock Performance

Shares of ESRT stock traded up $0.22 during midday trading on Wednesday, hitting $7.77. 1,493,444 shares of the company were exchanged, compared to its average volume of 1,251,675. The firm has a market capitalization of $1.32 billion, a P/E ratio of 32.36 and a beta of 1.78. 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 firm's 50 day moving average price is $7.67 and its two-hundred day moving average price is $7.81. Empire State Realty Trust, Inc. has a 52 week low of $6.56 and a 52 week high of $11.62.

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. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. 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. As a group, equities research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.035 dividend. 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 payout ratio is 58.33%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ESRT. Wall Street Zen raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. Wells Fargo & Company decreased their price objective on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average 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.