Westpac Banking Corp Makes New $481,000 Investment in Empire State Realty Trust, Inc. $ESRT

Westpac Banking Corp purchased a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,410 shares of the real estate investment trust’s stock, valued at approximately $481,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its position in Empire State Realty Trust by 2.0% in the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 1,562 shares during the last quarter. Aberdeen Group plc grew its stake in shares of Empire State Realty Trust by 4.2% during the 1st quarter. Aberdeen Group plc now owns 41,276 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 1,672 shares in the last quarter. US Bancorp DE raised its holdings in shares of Empire State Realty Trust by 22.4% in the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,824 shares during the last quarter. Versor Investments LP raised its holdings in shares of Empire State Realty Trust by 23.5% in the first quarter. Versor Investments LP now owns 12,600 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 2,400 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Empire State Realty Trust by 16.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,239 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 2,484 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESRT. Wall Street Zen raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Empire State Realty Trust currently has an average rating of “Hold” and an average price target of $9.15.

Empire State Realty Trust Price Performance

NYSE:ESRT opened at $6.81 on Tuesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 32.43 and a beta of 1.76. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.43. The firm has a fifty day simple moving average of $7.52 and a 200 day simple moving average of $7.69. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15.

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.