Entropy Technologies LP Sells 8,300 Shares of Empire State Realty Trust, Inc. $ESRT

Entropy Technologies LP lowered its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 33.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,400 shares of the real estate investment trust’s stock after selling 8,300 shares during the period. Entropy Technologies LP’s holdings in Empire State Realty Trust were worth $133,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings 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 valued at $75,915,000 after buying an additional 476,793 shares in the last quarter. Geode Capital Management LLC grew its position in Empire State Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 3,550,460 shares of the real estate investment trust’s stock valued at $28,727,000 after acquiring an additional 79,525 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Empire State Realty Trust by 137.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after acquiring an additional 1,798,850 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Empire State Realty Trust by 6,189.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust’s stock worth $21,943,000 after acquiring an additional 2,761,385 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Empire State Realty Trust by 88.7% in the 1st quarter. Millennium Management LLC now owns 2,786,559 shares of the real estate investment trust’s stock valued at $21,791,000 after purchasing an additional 1,309,913 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ESRT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Empire State Realty Trust in a report on Monday. Wells Fargo & Company reduced their price objective on Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.40.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock opened at $7.01 on Friday. The company’s fifty day simple moving average is $7.38 and its two-hundred day simple moving average is $7.66. Empire State Realty Trust, Inc. has a 12-month low of $6.55 and a 12-month high of $11.43. The firm has a market cap of $1.19 billion, a PE ratio of 33.38 and a beta of 1.76. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15.

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.