Renaissance Technologies LLC Raises Holdings in Empire State Realty Trust, Inc. $ESRT

Renaissance Technologies LLC increased its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 55.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,700 shares of the real estate investment trust’s stock after purchasing an additional 130,100 shares during the period. Renaissance Technologies LLC’s holdings in Empire State Realty Trust were worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in Empire State Realty Trust during the first quarter worth $60,000. DRW Securities LLC purchased a new stake in shares of Empire State Realty Trust in the fourth quarter valued at $69,000. Vise Technologies Inc. purchased a new stake in shares of Empire State Realty Trust in the fourth quarter valued at $71,000. Federation des caisses Desjardins du Quebec boosted its stake in shares of Empire State Realty Trust by 29.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 2,523 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Empire State Realty Trust during the second quarter valued at $74,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup cut their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Evercore set a $5.50 price target on shares of Empire State Realty Trust in a research note on Thursday, July 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday. Finally, Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a research report on Monday, June 1st. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $5.50.

Empire State Realty Trust Trading Up 0.3%

NYSE ESRT opened at $4.66 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of 66.51 and a beta of 1.36. Empire State Realty Trust, Inc. has a 12 month low of $4.61 and a 12 month high of $8.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.94 and a quick ratio of 1.94. The company has a 50-day moving average of $5.35 and a 200-day moving average of $5.58.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.The company had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, equities analysts predict that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is 200.00%.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.