T. Rowe Price Investment Management Inc. Boosts Holdings in Empire State Realty Trust, Inc. $ESRT

T. Rowe Price Investment Management Inc. lifted its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 26.7% in the first quarter, HoldingsChannel reports. The firm owned 2,169,504 shares of the real estate investment trust’s stock after buying an additional 457,785 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Empire State Realty Trust were worth $16,966,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ESRT. EntryPoint Capital LLC lifted its holdings in Empire State Realty Trust by 34.1% during the 1st quarter. EntryPoint Capital LLC now owns 38,472 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 9,789 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Empire State Realty Trust by 16.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,239 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 2,484 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Empire State Realty Trust by 5.7% in the first quarter. Hsbc Holdings PLC now owns 146,929 shares of the real estate investment trust’s stock valued at $1,150,000 after acquiring an additional 7,945 shares in the last quarter. Quantbot Technologies LP purchased a new position in Empire State Realty Trust in the first quarter valued at $37,000. Finally, Northern Trust Corp grew its stake in Empire State Realty Trust by 0.3% during the 1st quarter. Northern Trust Corp now owns 2,607,864 shares of the real estate investment trust’s stock worth $20,393,000 after purchasing an additional 7,536 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Trading Up 4.9%

NYSE:ESRT opened at $7.6550 on Monday. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. The stock has a market cap of $1.30 billion, a P/E ratio of 31.90 and a beta of 1.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a 50-day simple moving average of $7.80 and a 200-day simple moving average of $7.88.

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

Empire State Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on ESRT shares. Wells Fargo & Company reduced their price target on Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Two investment 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. According to MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and an average price target of $10.43.

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.