Epoch Investment Partners Inc. Sells 56,779 Shares of Empire State Realty Trust, Inc. $ESRT

Epoch Investment Partners Inc. cut its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 47.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,065 shares of the real estate investment trust’s stock after selling 56,779 shares during the period. Epoch Investment Partners Inc.’s holdings in Empire State Realty Trust were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Jump Financial LLC bought a new position in shares of Empire State Realty Trust in the first quarter worth about $464,000. Hotchkis & Wiley Capital Management LLC grew its position in shares of Empire State Realty Trust by 3.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,228,240 shares of the real estate investment trust’s stock worth $9,605,000 after buying an additional 44,630 shares during the period. AlphaQuest LLC grew its position in shares of Empire State Realty Trust by 30.7% during the 1st quarter. AlphaQuest LLC now owns 160,114 shares of the real estate investment trust’s stock worth $1,252,000 after buying an additional 37,632 shares during the period. 1832 Asset Management L.P. grew its position in shares of Empire State Realty Trust by 13.0% during the 1st quarter. 1832 Asset Management L.P. now owns 654,774 shares of the real estate investment trust’s stock worth $5,120,000 after buying an additional 75,162 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Empire State Realty Trust by 5.2% during the 1st quarter. Ameriprise Financial Inc. now owns 9,711,834 shares of the real estate investment trust’s stock worth $75,915,000 after buying an additional 476,793 shares during the period. 67.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Wells Fargo & Company lowered their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a research report on Monday, May 19th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.43.

Empire State Realty Trust Stock Up 1.8%

Shares of NYSE ESRT opened at $7.60 on Thursday. The stock has a market cap of $1.29 billion, a P/E ratio of 31.65 and a beta of 1.70. The firm has a 50 day moving average price of $7.73 and a 200 day moving average price of $7.86. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. Empire State Realty Trust, Inc. has a 52-week low of $6.56 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $153.54 million during the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a yield of 1.8%. Empire State Realty Trust’s payout ratio is currently 58.33%.

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.