Vident Advisory LLC Decreases Position in Empire State Realty Trust, Inc. $ESRT

Key Points

• Vident Advisory LLC reduced its stake in Empire State Realty Trust by 56.5%, holding 42,328 shares valued at $331,000 after selling 55,020 shares in the first quarter.
• Empire State Realty Trust's stock has an average rating of "Hold" and a consensus target price of $10.43, with analysts expecting an earnings per share of 0.88 for the current year.
• The company declared a quarterly dividend of $0.035 per share, yielding approximately 1.8%, with the dividend payout ratio at 58.33%.

Vident Advisory LLC reduced its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 56.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,328 shares of the real estate investment trust's stock after selling 55,020 shares during the period. Vident Advisory LLC's holdings in Empire State Realty Trust were worth $331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in Empire State Realty Trust in the fourth quarter valued at $26,000. Quantbot Technologies LP purchased a new stake in Empire State Realty Trust in the first quarter valued at $37,000. State of Wyoming acquired a new position in Empire State Realty Trust in the fourth quarter valued at $54,000. US Bancorp DE increased its stake in Empire State Realty Trust by 22.4% in the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 1,824 shares during the period. Finally, Versor Investments LP increased its stake in 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 period. 67.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ESRT shares. Wall Street Zen upgraded shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Wells Fargo & Company dropped their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $10.43.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $7.78 on Tuesday. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.32 billion, a P/E ratio of 32.40 and a beta of 1.78. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62. The firm's 50 day moving average is $7.66 and its two-hundred day moving average is $7.77.

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. The business 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 2.45%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, September 15th. Empire State Realty Trust's payout ratio is 58.33%.

Empire State Realty Trust 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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