Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Empire State Realty Trust, Inc. (NYSE:ESRT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $1.54 million in Empire State Realty Trust, acquiring 196,820 shares and now holds 0.12% of the company.
• Institutional investors own about 67.10% of Empire State Realty Trust, with significant increases in stakes reported from firms like GAMMA Investing and Two Sigma Investments.
• Analysts have mixed ratings for Empire State Realty Trust; while the company has a consensus rating of "Hold," recent reports from Wells Fargo and Wall Street Zen have downgraded the stock's outlook.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 196,820 shares of the real estate investment trust's stock, valued at approximately $1,539,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Empire State Realty Trust as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Empire State Realty Trust during the 1st quarter worth $1,075,000. Allianz Asset Management GmbH purchased a new stake in Empire State Realty Trust in the first quarter valued at $610,000. Xponance Inc. purchased a new stake in Empire State Realty Trust in the first quarter valued at $124,000. Principal Financial Group Inc. lifted its position 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 valued at $930,000 after acquiring an additional 11,460 shares during the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in Empire State Realty Trust in the first quarter valued at $170,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock traded down $0.09 on Friday, reaching $7.15. 1,689,183 shares of the stock were exchanged, compared to its average volume of 1,833,964. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year 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 business has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $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 (NYSE:ESRT - Get Free Report) last issued 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 business had revenue of $153.54 million for the quarter. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.035 per share. 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 is presently 58.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ESRT shares. Wells Fargo & Company reduced their price target 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. Citigroup reaffirmed a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. Finally, Wall Street Zen cut shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Empire State Realty Trust currently has a consensus rating of "Hold" and an average 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.