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 bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in Empire State Realty Trust during the fourth quarter worth approximately $26,000. Sterling Capital Management LLC lifted its stake in shares of Empire State Realty Trust by 819.7% in the 4th quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 3,828 shares during the last quarter. State of Wyoming bought a new position in shares of Empire State Realty Trust in the 4th quarter valued at $54,000. Pinney & Scofield Inc. bought a new stake in shares of Empire State Realty Trust in the fourth quarter worth $103,000. Finally, XTX Topco Ltd bought a new stake in shares of Empire State Realty Trust in the fourth quarter worth $110,000. Institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Stock Up 1.6%

Shares of ESRT traded up $0.12 on Monday, reaching $7.27. The company's stock had a trading volume of 283,154 shares, compared to its average volume of 1,588,925. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 1.15. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month high of $11.62. The stock has a market capitalization of $1.22 billion, a PE ratio of 30.27 and a beta of 1.70. The firm has a fifty day moving average of $8.00 and a 200-day moving average of $8.11.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. The firm had revenue of $153.54 million during the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.46%. Equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, June 13th. Empire State Realty Trust's dividend payout ratio is currently 58.33%.

Analysts Set New Price Targets

ESRT has been the topic of several analyst reports. Wall Street Zen cut shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, May 19th. Wells Fargo & Company dropped their price objective on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a report on Monday, May 19th. Finally, Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.