Nan Fung Trinity HK Ltd. Makes New $6.48 Million Investment in Empire State Realty Trust, Inc. $ESRT

Nan Fung Trinity HK Ltd. acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 801,300 shares of the real estate investment trust’s stock, valued at approximately $6,483,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Empire State Realty Trust by 10.7% during the 1st quarter. Principal Financial Group Inc. now owns 118,951 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 11,460 shares during the period. Xponance Inc. purchased a new stake in Empire State Realty Trust in the 1st quarter worth approximately $124,000. Allianz Asset Management GmbH bought a new stake in shares of Empire State Realty Trust in the 1st quarter worth approximately $610,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Empire State Realty Trust in the 1st quarter worth approximately $1,075,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Empire State Realty Trust during the first quarter valued at approximately $1,539,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $7.47 on Wednesday. The business’s fifty day moving average is $7.58 and its 200 day moving average is $7.69. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 35.56 and a beta of 1.76. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month high of $11.43.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.43.

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.