William Blair Investment Management LLC Has $26.56 Million Stake in Empire State Realty Trust, Inc. $ESRT

Key Points

• William Blair Investment Management LLC reduced its stake in Empire State Realty Trust by 7.7%, now holding 3,283,432 shares valued at approximately $26.56 million.
• Several institutional investors, including Amundi and Aberdeen Group, have increased their stakes in Empire State Realty Trust during the first quarter of the year.
• Empire State Realty Trust has a current consensus rating of "Hold" from analysts, with a price target set at $10.43.

William Blair Investment Management LLC lowered its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 7.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,283,432 shares of the real estate investment trust's stock after selling 272,979 shares during the period. William Blair Investment Management LLC owned 1.95% of Empire State Realty Trust worth $26,563,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESRT. Amundi increased its stake in shares of Empire State Realty Trust by 2.0% in the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust's stock valued at $585,000 after acquiring an additional 1,562 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Empire State Realty Trust by 4.2% in the 1st quarter. Aberdeen Group plc now owns 41,276 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 1,672 shares in the last quarter. US Bancorp DE increased its stake in shares of Empire State Realty Trust by 22.4% in the 1st quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 1,824 shares in the last quarter. Versor Investments LP increased its stake in shares of Empire State Realty Trust by 23.5% in the 1st quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 2,400 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Empire State Realty Trust by 16.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,239 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 2,484 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Wall Street Analyst Weigh In

ESRT has been the subject of several research analyst reports. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Empire State Realty Trust in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.43.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $7.28 on Monday. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 30.31 and a beta of 1.79. The company has a fifty day moving average price of $7.56 and a 200-day moving average price of $7.63.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (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 2.45%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, equities research analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 1.9%. 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.

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