Empire State Realty Trust (NYSE:ESRT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Saturday.
Empire State Realty Trust Trading Up 1.0 %
NYSE:ESRT traded up $0.09 during trading hours on Friday, hitting $9.21. The company had a trading volume of 891,030 shares, compared to its average volume of 987,687. The company has a market capitalization of $1.51 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30. The stock has a 50-day moving average price of $9.67 and a 200 day moving average price of $9.36. Empire State Realty Trust has a 52 week low of $5.43 and a 52 week high of $10.32. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04.
Institutional Trading of Empire State Realty Trust
Hedge funds have recently modified their holdings of the business. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Empire State Realty Trust by 650.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 300,970 shares of the real estate investment trust's stock valued at $2,420,000 after buying an additional 260,840 shares in the last quarter. Inspire Investing LLC bought a new position in Empire State Realty Trust in the 3rd quarter worth about $309,000. Ritholtz Wealth Management boosted its stake in Empire State Realty Trust by 34.0% in the 4th quarter. Ritholtz Wealth Management now owns 112,916 shares of the real estate investment trust's stock worth $1,094,000 after purchasing an additional 28,681 shares in the last quarter. SG Americas Securities LLC boosted its stake in Empire State Realty Trust by 39.1% in the 4th quarter. SG Americas Securities LLC now owns 89,091 shares of the real estate investment trust's stock worth $863,000 after purchasing an additional 25,054 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Empire State Realty Trust in the 3rd quarter worth about $649,000. Institutional investors own 67.10% of the company's stock.
Empire State Realty Trust Company Profile
(
Get Free Report)
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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