Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC reduced its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,271 shares of the real estate investment trust’s stock after selling 8,341 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Empire State Realty Trust were worth $1,310,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust during the 3rd quarter valued at about $25,000. Martingale Asset Management L P boosted its holdings in Empire State Realty Trust by 15.3% during the third quarter. Martingale Asset Management L P now owns 39,819 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 5,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Empire State Realty Trust by 392.0% in 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 buying an additional 875,836 shares during the period. BNP Paribas Financial Markets raised its stake in Empire State Realty Trust by 4.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Empire State Realty Trust during the third quarter worth about $455,000. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ESRT has been the topic of a number of recent research reports. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Wells Fargo & Company increased their target price on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets raised their price target on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $10.86 on Tuesday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 40.20 and a beta of 1.41. The business has a 50-day moving average of $10.94 and a 200-day moving average of $10.32. Empire State Realty Trust, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72.

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

Empire State Realty Trust 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.