Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,064 shares of the real estate investment trust’s stock after acquiring an additional 2,630 shares during the period. QRG Capital Management Inc.’s holdings in Empire State Realty Trust were worth $200,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,524 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Empire State Realty Trust by 35.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,419 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Empire State Realty Trust during the third quarter valued at approximately $129,000. Creative Planning lifted its holdings in Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,145 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Empire State Realty Trust in the 1st quarter worth approximately $143,000. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ESRT has been the topic of several research reports. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. BMO Capital Markets raised their price target on shares of Empire State Realty Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $10.61 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 4.05 and a quick ratio of 4.05. The firm has a market capitalization of $1.77 billion, a PE ratio of 39.28 and a beta of 1.40. Empire State Realty Trust, Inc. has a 1-year low of $8.31 and a 1-year high of $11.62. The business’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $10.18.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.74% and a net margin of 6.22%. The firm had revenue of $199.60 million during the quarter. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, research analysts expect that Empire State Realty Trust, Inc. will post 0.93 EPS for the current year.

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.