247,806 Shares in Empire State Realty Trust, Inc. $ESRT Bought by Leonteq Securities AG

Leonteq Securities AG bought a new position in Empire State Realty Trust, Inc. (NYSE:ESRT) in the fourth quarter, Holdings Channel.com reports. The firm bought 247,806 shares of the real estate investment trust’s stock, valued at approximately $1,616,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Empire State Realty Trust in the 3rd quarter worth $29,000. Raymond James Financial Inc. purchased a new position in Empire State Realty Trust in the 2nd quarter worth $74,000. Abacus Wealth Partners LLC purchased a new position in Empire State Realty Trust in the 3rd quarter worth $77,000. BNP Paribas Financial Markets raised its stake in Empire State Realty Trust by 50.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,752 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 3,941 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Empire State Realty Trust in the 3rd quarter worth $94,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $5.65 on Friday. The stock has a 50-day simple moving average of $5.35 and a two-hundred day simple moving average of $6.15. The firm has a market capitalization of $973.37 million, a P/E ratio of 21.71 and a beta of 1.35. Empire State Realty Trust, Inc. has a fifty-two week low of $4.87 and a fifty-two week high of $8.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.12 earnings per share for the quarter. The business had revenue of $199.22 million during the quarter. Empire State Realty Trust had a return on equity of 2.19% and a net margin of 5.09%. On average, equities analysts forecast that Empire State Realty Trust, Inc. will post 0.87 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, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, June 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.5%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 53.85%.

Wall Street Analyst Weigh In

ESRT has been the subject of a number of research analyst reports. Weiss Ratings lowered Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Citigroup reduced their price objective on Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Evercore set a $7.00 price objective on Empire State Realty Trust in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company reduced their price objective on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a research note on Monday, March 2nd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $6.35.

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.