137,416 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 137,416 shares of the real estate investment trust's stock, valued at approximately $1,075,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of Empire State Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Allianz Asset Management GmbH bought a new position in shares of Empire State Realty Trust in the first quarter worth $610,000. Xponance Inc. bought a new position in shares of Empire State Realty Trust in the first quarter worth $124,000. Principal Financial Group Inc. increased its holdings in shares of 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 worth $930,000 after purchasing an additional 11,460 shares during the period. Capital Investment Counsel Inc bought a new position in shares of Empire State Realty Trust in the first quarter worth $170,000. Finally, SG Americas Securities LLC increased its holdings in shares of Empire State Realty Trust by 6.9% in the first quarter. SG Americas Securities LLC now owns 42,372 shares of the real estate investment trust's stock worth $331,000 after purchasing an additional 2,736 shares during the period. Hedge funds and other institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Trading Up 0.6%

Shares of ESRT traded up $0.05 during trading hours on Friday, hitting $7.43. The company had a trading volume of 1,781,420 shares, compared to its average volume of 2,029,281. The firm has a market cap of $1.25 billion, a P/E ratio of 30.94 and a beta of 1.66. The stock's 50 day moving average price is $8.02 and its 200 day moving average price is $8.21. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 1.15. 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 released 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 for the quarter. Empire State Realty Trust had a return on equity of 2.46% and a net margin of 5.67%. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.035 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.14 annualized dividend and a dividend yield of 1.89%. Empire State Realty Trust's dividend payout ratio is currently 58.33%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their target price on 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. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Finally, Wall Street Zen cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, May 19th. 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 company. Based on data from MarketBeat, the company currently has an average 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.