Heitman Real Estate Securities LLC Has $1.31 Million Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

Heitman Real Estate Securities LLC reduced its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,271 shares of the real estate investment trust’s stock after selling 8,341 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Empire State Realty Trust were worth $1,310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lighthouse Investment Partners LLC purchased a new position in shares of Empire State Realty Trust during the 2nd quarter valued at $7,926,000. Vision Capital Corp boosted its position in Empire State Realty Trust by 79.9% during the third quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after purchasing an additional 1,245,211 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Empire State Realty Trust in the third quarter valued at about $256,000. 1832 Asset Management L.P. acquired a new position in Empire State Realty Trust in the 2nd quarter worth about $4,573,000. Finally, Victory Capital Management Inc. raised its stake in shares of Empire State Realty Trust by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 262,687 shares of the real estate investment trust’s stock worth $2,911,000 after purchasing an additional 17,777 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Price Performance

NYSE:ESRT opened at $10.86 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. Empire State Realty Trust, Inc. has a one year low of $8.78 and a one year high of $11.62. The company has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.32. The stock has a market cap of $1.81 billion, a P/E ratio of 40.20 and a beta of 1.41.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The company had revenue of $199.60 million for the quarter. During the same quarter last year, the firm posted $0.25 EPS. Analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ESRT. Wells Fargo & Company raised their price objective on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th. BMO Capital Markets upped their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd.

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.