Empire State Realty Trust, Inc. (NYSE:ESRT – Get Free Report) 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.
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.
Read Our Latest Research Report on Empire State Realty Trust
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.
Featured Articles
- Five stocks we like better than Empire State Realty Trust
- How to trade using analyst ratings
- Tesla Poised to Hit Record Highs This Holiday Season
- Basic Materials Stocks Investing
- The Salesforce Rally is Just Getting Started: Here’s Why
- Where to Find Earnings Call Transcripts
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.