Vanguard Group Inc. Sells 108,592 Shares of Empire State Realty Trust, Inc. $ESRT

Vanguard Group Inc. trimmed its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,514,058 shares of the real estate investment trust’s stock after selling 108,592 shares during the period. Vanguard Group Inc. owned about 0.12% of Empire State Realty Trust worth $149,478,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ESRT. Simplex Trading LLC lifted its holdings 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 buying an additional 7,408 shares in the last quarter. CWM LLC raised its stake in shares of 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in Empire State Realty Trust during the 2nd quarter worth about $74,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Empire State Realty Trust in the 2nd quarter valued at $85,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Empire State Realty Trust during the third quarter worth approximately $94,000. 67.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research note on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a report on Monday, December 29th. Evercore set a $7.00 price target on shares of Empire State Realty Trust in a report on Wednesday, February 18th. Finally, Citigroup decreased their target price on Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Empire State Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $7.58.

Empire State Realty Trust Stock Up 0.3%

Empire State Realty Trust stock opened at $5.76 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.33 and a current ratio of 4.33. Empire State Realty Trust, Inc. has a one year low of $5.55 and a one year high of $8.92. The company has a 50-day simple moving average of $6.41 and a 200-day simple moving average of $7.01. The firm has a market capitalization of $980.29 million, a P/E ratio of 22.15 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.23 earnings per share for the quarter. The company had revenue of $199.22 million during the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.60%. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.4%. Empire State Realty Trust’s dividend payout ratio is currently 53.85%.

About Empire State Realty Trust

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.