Empire State Realty Trust, Inc. $ESRT Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 76.1% in the second quarter, HoldingsChannel.com reports. The firm owned 13,798 shares of the real estate investment trust’s stock after selling 43,968 shares during the period. Ritholtz Wealth Management’s holdings in Empire State Realty Trust were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Empire State Realty Trust by 1,704.7% in the second quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 7,671 shares during the period. Inspire Investing LLC lifted its stake in Empire State Realty Trust by 11.0% in the second quarter. Inspire Investing LLC now owns 48,559 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 4,816 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Empire State Realty Trust by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 199,620 shares of the real estate investment trust’s stock valued at $1,615,000 after buying an additional 4,848 shares during the last quarter. Ballentine Partners LLC lifted its stake in Empire State Realty Trust by 43.5% in the second quarter. Ballentine Partners LLC now owns 19,832 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 6,010 shares during the last quarter. Finally, Strs Ohio bought a new stake in Empire State Realty Trust in the first quarter valued at $196,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $7.76 on Thursday. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.43. The firm’s 50-day simple moving average is $7.57 and its 200 day simple moving average is $7.63. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.32 billion, a P/E ratio of 32.31 and a beta of 1.79.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The business had revenue of $153.54 million for the quarter. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid 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 was Monday, September 15th. Empire State Realty Trust’s payout ratio is currently 58.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Empire State Realty Trust in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Empire State Realty Trust currently has an average rating of “Hold” and an average target price of $10.43.

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.