Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Empire State Realty Trust, Inc. $ESRT

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 145.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 483,538 shares of the real estate investment trust’s stock after acquiring an additional 286,718 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.29% of Empire State Realty Trust worth $3,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ESRT. Nuveen LLC acquired a new position in Empire State Realty Trust in the first quarter valued at approximately $21,703,000. Centersquare Investment Management LLC lifted its position in shares of Empire State Realty Trust by 6,189.6% during the 1st quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust’s stock worth $21,943,000 after buying an additional 2,761,385 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Empire State Realty Trust by 137.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after buying an additional 1,798,850 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Empire State Realty Trust in the 2nd quarter valued at $10,879,000. Finally, Millennium Management LLC grew its position in shares of Empire State Realty Trust by 88.7% in the 1st quarter. Millennium Management LLC now owns 2,786,559 shares of the real estate investment trust’s stock valued at $21,791,000 after buying an additional 1,309,913 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a research report on Monday, November 17th. Wall Street Zen upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.15.

Empire State Realty Trust Stock Up 1.5%

Shares of NYSE:ESRT opened at $6.67 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of 31.76 and a beta of 1.76. The firm has a fifty day moving average price of $7.44 and a 200 day moving average price of $7.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. Empire State Realty Trust, Inc. has a 1-year low of $6.55 and a 1-year high of $11.43.

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.