Short Interest in Empire State Realty Trust, Inc. (NYSE:ESRT) Rises By 5.5%

Empire State Realty Trust, Inc. (NYSE:ESRT) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 4,780,000 shares, an increase of 5.5% from the October 31st total of 4,530,000 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On Empire State Realty Trust

A number of large investors have recently bought and sold shares of ESRT. Sanctuary Advisors LLC purchased a new stake in shares of Empire State Realty Trust during the 3rd quarter worth $257,000. Geode Capital Management LLC raised its stake in shares of Empire State Realty Trust by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock worth $37,756,000 after acquiring an additional 38,529 shares in the last quarter. Vestcor Inc lifted its position in Empire State Realty Trust by 308.6% during the third quarter. Vestcor Inc now owns 125,231 shares of the real estate investment trust’s stock valued at $1,388,000 after acquiring an additional 94,582 shares during the last quarter. Barclays PLC boosted its stake in Empire State Realty Trust by 133.2% in the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock valued at $3,374,000 after acquiring an additional 173,965 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Empire State Realty Trust by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 195,324 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 3,697 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Trading Up 0.8 %

ESRT stock traded up $0.09 during midday trading on Wednesday, reaching $10.92. The company’s stock had a trading volume of 376,920 shares, compared to its average volume of 1,121,088. The stock has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 40.11 and a beta of 1.41. Empire State Realty Trust has a 1 year low of $8.78 and a 1 year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share 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 net margin of 6.22% and a return on equity of 2.73%. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Empire State Realty Trust will post 0.93 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.