XTX Topco Ltd Increases Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

XTX Topco Ltd raised its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 129.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,752 shares of the real estate investment trust’s stock after purchasing an additional 13,967 shares during the quarter. XTX Topco Ltd’s holdings in Empire State Realty Trust were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ESRT. Wellington Management Group LLP grew its stake in shares of Empire State Realty Trust by 19.3% in the 4th 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 purchasing an additional 943,593 shares during the last quarter. Norges Bank purchased a new position in shares of Empire State Realty Trust in the 4th quarter valued at approximately $8,571,000. Jupiter Asset Management Ltd. purchased a new position in shares of Empire State Realty Trust in the 1st quarter valued at approximately $2,896,000. Vanguard Group Inc. grew its stake in shares of Empire State Realty Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 19,287,935 shares of the real estate investment trust’s stock valued at $195,387,000 after purchasing an additional 175,718 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Empire State Realty Trust by 142.5% in the 2nd quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock valued at $2,396,000 after purchasing an additional 150,100 shares during the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ESRT shares. BMO Capital Markets lifted 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, July 19th. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company lifted their price target on 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.

Empire State Realty Trust Stock Down 0.2 %

Empire State Realty Trust stock opened at $10.95 on Friday. The stock’s 50 day moving average price is $10.56 and its 200 day moving average price is $9.87. The company has a market cap of $1.81 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 6.70 and a beta of 1.40. Empire State Realty Trust, Inc. has a 1-year low of $7.25 and a 1-year high of $11.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.14). The firm had revenue of $189.54 million for the quarter. Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.94 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.14 annualized dividend and a yield of 1.28%. Empire State Realty Trust’s dividend payout ratio 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.