Natixis Advisors LLC Takes Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Natixis Advisors LLC acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 76,236 shares of the real estate investment trust’s stock, valued at approximately $844,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Empire State Realty Trust by 0.9% in the first quarter. Vanguard Group Inc. now owns 19,287,935 shares of the real estate investment trust’s stock valued at $195,387,000 after purchasing an additional 175,718 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $7,959,000 after purchasing an additional 37,370 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Empire State Realty Trust in the second quarter valued at $7,926,000. Foundry Partners LLC lifted its holdings in shares of Empire State Realty Trust by 5.3% in 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 purchasing an additional 34,720 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Empire State Realty Trust in the second quarter valued at $4,573,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

ESRT has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, BMO Capital Markets increased their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 15th.

Empire State Realty Trust Trading Down 1.5 %

Empire State Realty Trust stock opened at $11.08 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 41.67 and a beta of 1.40. Empire State Realty Trust, Inc. has a one year low of $8.42 and a one year high of $11.62. The company’s fifty day moving average price is $10.95 and its two-hundred day moving average price is $10.29.

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

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.