O Shaughnessy Asset Management LLC Has $5.63 Million Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

O Shaughnessy Asset Management LLC reduced its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 555,593 shares of the real estate investment trust’s stock after selling 25,091 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Empire State Realty Trust were worth $5,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ESRT. Wellington Management Group LLP boosted its stake in shares of Empire State Realty Trust by 19.3% in the fourth quarter. Wellington Management Group LLP now owns 5,821,372 shares of the real estate investment trust’s stock valued at $56,409,000 after buying an additional 943,593 shares during the period. Norges Bank bought a new stake in shares of Empire State Realty Trust in the fourth quarter valued at approximately $8,571,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Empire State Realty Trust by 36.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,467,453 shares of the real estate investment trust’s stock valued at $23,910,000 after buying an additional 663,159 shares during the period. Federated Hermes Inc. boosted its stake in shares of Empire State Realty Trust by 4,430.5% in the fourth quarter. Federated Hermes Inc. now owns 334,167 shares of the real estate investment trust’s stock valued at $3,238,000 after buying an additional 326,791 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Empire State Realty Trust in the first quarter valued at approximately $2,896,000. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ESRT. BMO Capital Markets boosted their price target on Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Empire State Realty Trust has an average rating of “Hold” and a consensus price target of $9.25.

Empire State Realty Trust Price Performance

NYSE ESRT traded up $0.26 on Tuesday, hitting $11.13. 1,315,653 shares of the company’s stock were exchanged, compared to its average volume of 1,046,398. The stock has a 50-day moving average of $9.50 and a 200-day moving average of $9.64. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 52 week low of $7.25 and a 52 week high of $11.20. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 6.50 and a beta of 1.40.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.26%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.

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.