Empire State Realty Trust (NYSE:ESRT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Empire State Realty Trust (NYSE:ESRT) from a sell rating to a hold rating in a report released on Saturday.

Empire State Realty Trust Trading Down 1.9 %

Shares of NYSE ESRT opened at $9.12 on Friday. The firm has a 50 day moving average price of $9.65 and a two-hundred day moving average price of $9.39. The stock has a market cap of $1.50 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30. Empire State Realty Trust has a 52-week low of $5.43 and a 52-week high of $10.32. The company has a debt-to-equity ratio of 1.29, a quick ratio of 7.04 and a current ratio of 7.04.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio is currently 46.67%.

Institutional Trading of Empire State Realty Trust

Several institutional investors have recently added to or reduced their stakes in ESRT. SG Americas Securities LLC bought a new stake in Empire State Realty Trust during the third quarter valued at $515,000. Asset Management One Co. Ltd. boosted its position in shares of Empire State Realty Trust by 2.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 216,064 shares of the real estate investment trust’s stock valued at $1,737,000 after purchasing an additional 5,284 shares in the last quarter. Monument Capital Management acquired a new stake in Empire State Realty Trust during the third quarter worth approximately $403,000. Verdence Capital Advisors LLC increased its holdings in Empire State Realty Trust by 5.2% in the third quarter. Verdence Capital Advisors LLC now owns 32,950 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 1,626 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Empire State Realty Trust by 14.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,563 shares of the real estate investment trust’s stock valued at $519,000 after buying an additional 7,987 shares during the period. 67.10% of the stock is currently owned by institutional investors.

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.