Cbre Investment Management Listed Real Assets LLC Sells 478,065 Shares of Empire State Realty Trust, Inc. $ESRT

Cbre Investment Management Listed Real Assets LLC reduced its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 41.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,409 shares of the real estate investment trust’s stock after selling 478,065 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Empire State Realty Trust were worth $5,456,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Simplex Trading LLC increased its stake in Empire State Realty Trust by 869.5% during the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 7,408 shares in the last quarter. Bank of Montreal Can increased its position in shares of Empire State Realty Trust by 79.1% during the second quarter. Bank of Montreal Can now owns 34,150 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 15,080 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Empire State Realty Trust by 172.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 901,931 shares of the real estate investment trust’s stock worth $7,297,000 after acquiring an additional 571,226 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Empire State Realty Trust by 38.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 43,077 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 11,973 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Empire State Realty Trust by 31.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 102,730 shares of the real estate investment trust’s stock valued at $831,000 after acquiring an additional 24,541 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

NYSE ESRT opened at $7.28 on Friday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 34.68 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 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’s fifty day moving average price is $7.59 and its 200-day moving average price is $7.68.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.23 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.13% and a net margin of 4.96%.The company had revenue of $158.41 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. On average, equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ESRT. Weiss Ratings restated a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Wednesday. Wall Street Zen upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Empire State Realty Trust presently has an average rating of “Hold” and a consensus target price of $10.43.

Empire State Realty Trust 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.