Empire State Realty Trust, Inc. (NYSE:ESRT) Stock Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 38.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,265 shares of the real estate investment trust’s stock after buying an additional 3,987 shares during the period. Metis Global Partners LLC’s holdings in Empire State Realty Trust were worth $158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Empire State Realty Trust by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 19,287,935 shares of the real estate investment trust’s stock worth $195,387,000 after purchasing an additional 175,718 shares during the period. Bank of New York Mellon Corp increased its position in Empire State Realty Trust by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 848,486 shares of the real estate investment trust’s stock worth $7,959,000 after buying an additional 37,370 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Empire State Realty Trust in the second quarter valued at $7,926,000. Foundry Partners LLC boosted its holdings in shares of Empire State Realty Trust by 5.3% during the second quarter. Foundry Partners LLC now owns 689,651 shares of the real estate investment trust’s stock valued at $6,469,000 after acquiring an additional 34,720 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in shares of Empire State Realty Trust during the second quarter worth about $4,573,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ESRT. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Wells Fargo & Company boosted their price objective on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets raised their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Empire State Realty Trust Stock Up 1.5 %

Shares of ESRT stock opened at $10.90 on Wednesday. Empire State Realty Trust, Inc. has a 1 year low of $8.39 and a 1 year high of $11.62. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The business’s fifty day moving average is $10.89 and its 200-day moving average is $10.23. The stock has a market cap of $1.82 billion, a PE ratio of 40.37 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The firm had revenue of $199.60 million for the quarter. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

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.