Y Intercept Hong Kong Ltd Takes $1.08 Million Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Empire State Realty Trust by 654.8% in the first quarter. GAMMA Investing LLC now owns 30,443 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 26,410 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Empire State Realty Trust by 5.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust's stock worth $17,642,000 after purchasing an additional 93,539 shares during the last quarter. SG Americas Securities LLC lifted its stake in Empire State Realty Trust by 6.9% during 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 last quarter. Principal Financial Group Inc. lifted its stake 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 buying an additional 11,460 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Empire State Realty Trust by 650.7% in the fourth quarter. Two Sigma Investments LP now owns 185,596 shares of the real estate investment trust's stock valued at $1,915,000 after buying an additional 160,872 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Analyst Ratings Changes

ESRT has been the topic of a number of recent 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. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.43.

Empire State Realty Trust Stock Performance

Shares of ESRT stock traded down $0.03 during trading hours on Monday, reaching $7.42. 236,051 shares of the company's stock were exchanged, compared to its average volume of 1,586,398. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62. The stock has a market capitalization of $1.25 billion, a P/E ratio of 30.91 and a beta of 1.66. The business has a fifty day moving average price of $8.02 and a 200-day moving average price of $8.19. 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 (NYSE:ESRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.46% and a net margin of 5.67%. The company had revenue of $153.54 million during the quarter. 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.035 per share. The ex-dividend date was Friday, June 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.89%. Empire State Realty Trust's dividend payout ratio (DPR) is presently 58.33%.

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.