Empire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Up 5.5% in November

Empire State Realty Trust, Inc. (NYSE:ESRT) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,780,000 shares, a growth of 5.5% from the October 31st total of 4,530,000 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 3.9 days.

Empire State Realty Trust Trading Up 1.2 %

NYSE:ESRT opened at $10.96 on Thursday. The stock has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $10.33. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 40.57 and a beta of 1.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust has a 1 year low of $8.78 and a 1 year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data 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). The business had revenue of $199.60 million during the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same period last year, the firm earned $0.25 EPS. As a group, sell-side analysts anticipate that Empire State Realty Trust will post 0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESRT. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust in the third quarter worth $25,000. Signaturefd LLC grew its holdings in Empire State Realty Trust by 81.6% in the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,524 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 4,332 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Empire State Realty Trust by 35.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Empire State Realty Trust in the third quarter valued at $115,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

ESRT has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. BMO Capital Markets upped their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd.

About Empire State Realty Trust

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.