JPMorgan Chase & Co. Buys 846,505 Shares of Empire State Realty Trust, Inc. $ESRT

JPMorgan Chase & Co. boosted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 58.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,301,395 shares of the real estate investment trust’s stock after acquiring an additional 846,505 shares during the period. JPMorgan Chase & Co. owned approximately 1.36% of Empire State Realty Trust worth $17,629,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC raised its position in Empire State Realty Trust by 73.1% in the third quarter. Wolverine Asset Management LLC now owns 1,561,474 shares of the real estate investment trust’s stock worth $11,961,000 after purchasing an additional 659,543 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Empire State Realty Trust during the third quarter valued at approximately $3,983,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Empire State Realty Trust by 131.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,118,081 shares of the real estate investment trust’s stock valued at $8,564,000 after purchasing an additional 634,543 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Empire State Realty Trust by 59.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,813,895 shares of the real estate investment trust’s stock worth $29,214,000 after buying an additional 1,424,066 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Empire State Realty Trust by 42.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,169,216 shares of the real estate investment trust’s stock worth $17,549,000 after buying an additional 649,776 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Up 0.3%

Shares of NYSE ESRT opened at $5.76 on Wednesday. Empire State Realty Trust, Inc. has a 12-month low of $5.55 and a 12-month high of $8.92. The firm’s 50-day simple moving average is $6.41 and its 200 day simple moving average is $7.01. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. The company has a market cap of $980.29 million, a price-to-earnings ratio of 22.15 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.23 earnings per share for the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.60%. The firm had revenue of $199.22 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, research analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.14 annualized dividend and a yield of 2.4%. Empire State Realty Trust’s dividend payout ratio is currently 53.85%.

Analyst Ratings Changes

A number of brokerages have weighed in on ESRT. Wells Fargo & Company lowered their price target on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research report on Monday. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a report on Wednesday, February 18th. Citigroup dropped their target price on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Empire State Realty Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Empire State Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $7.58.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.