Empire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Update

Empire State Realty Trust, Inc. (NYSE:ESRT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 6,867,742 shares, a growth of 22.7% from the December 15th total of 5,598,435 shares. Based on an average daily volume of 1,418,339 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.7% of the company’s stock are sold short. Currently, 4.7% of the company’s stock are sold short. Based on an average daily volume of 1,418,339 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Empire State Realty Trust in the 3rd quarter worth about $29,000. CWM LLC grew its stake 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 in the last quarter. Simplex Trading LLC increased its holdings in Empire State Realty Trust by 869.5% in the second quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 7,408 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Empire State Realty Trust during the second quarter valued at approximately $74,000. Finally, Abacus Wealth Partners LLC bought a new position in Empire State Realty Trust during the 3rd quarter worth approximately $77,000. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Stock Down 2.4%

ESRT stock traded down $0.16 during midday trading on Tuesday, hitting $6.43. 478,526 shares of the company’s stock were exchanged, compared to its average volume of 1,467,819. The firm has a 50 day moving average price of $6.73 and a 200-day moving average price of $7.29. Empire State Realty Trust has a 12-month low of $6.09 and a 12-month high of $9.88. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 30.60 and a beta of 1.34. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 1.14.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, December 15th. Empire State Realty Trust’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Empire State Realty Trust in a research report on Monday, December 29th. Wells Fargo & Company decreased their price target on Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating for the company in a report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.40.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.