Empire State Realty Trust, Inc. $ESRT Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,875 shares of the real estate investment trust’s stock after selling 2,041 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Empire State Realty Trust were worth $1,204,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Empire State Realty Trust in the first quarter valued at $37,000. CWM LLC raised its position in Empire State Realty Trust by 1,704.7% during the second quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 7,671 shares during the period. US Bancorp DE raised its position in Empire State Realty Trust by 22.4% during the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,824 shares during the period. Wealthstream Advisors Inc. acquired a new position in Empire State Realty Trust during the second quarter valued at $94,000. Finally, Versor Investments LP increased its position in 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 worth $99,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ESRT has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a research report on Tuesday, October 14th. Wall Street Zen raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Empire State Realty Trust currently has a consensus rating of “Hold” and an average price target of $10.43.

Empire State Realty Trust Stock Performance

Shares of NYSE ESRT opened at $7.16 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 34.10 and a beta of 1.79. The business’s 50-day simple moving average is $7.61 and its 200-day simple moving average is $7.67. Empire State Realty Trust, Inc. has a 52 week low of $6.56 and a 52 week high of $11.43.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.23 EPS for the quarter. The business had revenue of $158.41 million for the quarter. Empire State Realty Trust had a return on equity of 2.13% and a net margin of 4.96%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, equities research analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.035 per share. The ex-dividend date was Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 2.0%. Empire State Realty Trust’s dividend payout ratio is presently 66.67%.

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.