Hotchkis & Wiley Capital Management LLC Has $12.50 Million Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,128,390 shares of the real estate investment trust’s stock after selling 58,200 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Empire State Realty Trust were worth $12,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System raised its position in shares of Empire State Realty Trust by 2.9% in the second quarter. Arizona State Retirement System now owns 38,808 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,083 shares in the last quarter. Van ECK Associates Corp raised its position in Empire State Realty Trust by 5.4% during the second quarter. Van ECK Associates Corp now owns 23,718 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 1,221 shares in the last quarter. BNP Paribas Financial Markets raised its position in Empire State Realty Trust by 4.5% during the third quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 1,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Empire State Realty Trust by 0.4% during the second quarter. Federated Hermes Inc. now owns 343,637 shares of the real estate investment trust’s stock valued at $3,223,000 after purchasing an additional 1,428 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on ESRT shares. Wells Fargo & Company boosted 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 boosted their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd.

Empire State Realty Trust Stock Down 0.1 %

Shares of NYSE:ESRT opened at $10.83 on Wednesday. The company has a fifty day moving average of $10.93 and a 200-day moving average of $10.33. The company has a market capitalization of $1.81 billion, a PE ratio of 40.11 and a beta of 1.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust, Inc. has a 52-week low of $8.78 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results 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). The company had revenue of $199.60 million for the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same period in the previous year, the business earned $0.25 EPS. On average, equities analysts predict that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

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.