Inspire Investing LLC Has $393,000 Stock Position in Empire State Realty Trust, Inc. $ESRT

Inspire Investing LLC raised its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 11.0% in the 2nd quarter, according to the company in its most recent filing 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 quarter. Inspire Investing LLC’s holdings in Empire State Realty Trust were worth $393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Empire State Realty Trust by 2.5% during the second quarter. Public Employees Retirement System of Ohio now owns 199,620 shares of the real estate investment trust’s stock worth $1,615,000 after buying an additional 4,848 shares during the period. Ballentine Partners LLC increased its position in shares of Empire State Realty Trust by 43.5% during the second quarter. Ballentine Partners LLC now owns 19,832 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 6,010 shares during the period. Strs Ohio acquired a new stake in shares of Empire State Realty Trust during the first quarter worth $196,000. Jane Street Group LLC acquired a new stake in shares of Empire State Realty Trust during the first quarter worth $1,615,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Empire State Realty Trust by 9.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock worth $8,869,000 after buying an additional 98,148 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Up 1.1%

Empire State Realty Trust stock opened at $7.25 on Tuesday. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 30.21 and a beta of 1.79. The firm’s fifty day moving average price is $7.57 and its two-hundred day moving average price is $7.64. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The company had revenue of $153.54 million for the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. On average, equities research analysts predict 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 58.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on ESRT. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.