Public Employees Retirement System of Ohio Acquires 3,697 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Public Employees Retirement System of Ohio increased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,324 shares of the real estate investment trust’s stock after buying an additional 3,697 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of Empire State Realty Trust worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ESRT. Vision Capital Corp lifted its position in shares of Empire State Realty Trust by 79.9% during the third quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after buying an additional 1,245,211 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Empire State Realty Trust by 392.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock worth $12,180,000 after acquiring an additional 875,836 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Empire State Realty Trust during the second quarter valued at approximately $7,926,000. 1832 Asset Management L.P. acquired a new stake in Empire State Realty Trust in the second quarter valued at approximately $4,573,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Empire State Realty Trust by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after purchasing an additional 171,056 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Up 0.3 %

NYSE:ESRT opened at $11.07 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The company’s fifty day moving average price is $10.96 and its 200-day moving average price is $10.46. Empire State Realty Trust, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62. The firm has a market capitalization of $1.85 billion, a P/E ratio of 40.98 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.16). The company had revenue of $199.60 million for the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 EPS for the current year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 51.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ESRT shares. BMO Capital Markets raised their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th. Finally, StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd.

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.