Inspire Investing LLC Purchases 4,816 Shares of Empire State Realty Trust, Inc. $ESRT

Inspire Investing LLC boosted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT – Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,559 shares of the real estate investment trust’s stock after acquiring an additional 4,816 shares during the period. Inspire Investing LLC’s holdings in Empire State Realty Trust were worth $393,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Empire State Realty Trust in the first quarter worth about $37,000. US Bancorp DE raised its position in Empire State Realty Trust by 22.4% in the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,824 shares during the period. Versor Investments LP raised its position in Empire State Realty Trust by 23.5% in the first quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,400 shares during the period. DRW Securities LLC bought a new stake in Empire State Realty Trust in the first quarter worth about $105,000. Finally, Xponance Inc. bought a new stake in Empire State Realty Trust in the first quarter worth about $124,000. Institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

ESRT has been the topic of several research reports. 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 reiterated a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.43.

Check Out Our Latest Analysis on ESRT

Empire State Realty Trust Price Performance

ESRT opened at $7.25 on Tuesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 30.21 and a beta of 1.79. 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 firm has a 50-day moving average price of $7.57 and a 200-day moving average price of $7.64. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month high of $11.62.

Empire State Realty Trust (NYSE:ESRT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. The company 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. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 1.9%. Empire State Realty Trust’s payout ratio is currently 58.33%.

Empire State Realty Trust Profile

(Free Report)

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.

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