Cbre Investment Management Listed Real Assets LLC Has $9.01 Million Holdings in Empire State Realty Trust, Inc. $ESRT

Cbre Investment Management Listed Real Assets LLC cut its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 40.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,152,474 shares of the real estate investment trust’s stock after selling 790,784 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Empire State Realty Trust were worth $9,012,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Empire State Realty Trust by 5.2% during the first quarter. Ameriprise Financial Inc. now owns 9,711,834 shares of the real estate investment trust’s stock worth $75,915,000 after purchasing an additional 476,793 shares during the period. Nuveen Asset Management LLC raised its position in shares of Empire State Realty Trust by 26.3% during the fourth quarter. Nuveen Asset Management LLC now owns 2,886,750 shares of the real estate investment trust’s stock worth $29,791,000 after purchasing an additional 601,077 shares during the period. Centersquare Investment Management LLC raised its position in shares of Empire State Realty Trust by 6,189.6% during the first quarter. Centersquare Investment Management LLC now owns 2,805,998 shares of the real estate investment trust’s stock worth $21,943,000 after purchasing an additional 2,761,385 shares during the period. Nuveen LLC acquired a new position in shares of Empire State Realty Trust during the first quarter worth approximately $21,703,000. Finally, Northern Trust Corp raised its position in shares of Empire State Realty Trust by 0.3% during the first quarter. Northern Trust Corp now owns 2,607,864 shares of the real estate investment trust’s stock worth $20,393,000 after purchasing an additional 7,536 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Up 4.9%

Shares of NYSE:ESRT opened at $7.6550 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 31.90 and a beta of 1.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. The business has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $7.91. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.45% and a net margin of 5.67%.The firm 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. Analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, September 15th. Empire State Realty Trust’s dividend payout ratio is currently 58.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company decreased their price target on Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Empire State Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $10.43.

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.