Van ECK Associates Corp Has $222,000 Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Van ECK Associates Corp grew its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 23,718 shares of the real estate investment trust’s stock after acquiring an additional 1,221 shares during the quarter. Van ECK Associates Corp’s holdings in Empire State Realty Trust were worth $222,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in Empire State Realty Trust by 87.6% during the fourth quarter. Russell Investments Group Ltd. now owns 76,440 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 35,700 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Empire State Realty Trust by 474.1% during the 4th quarter. Victory Capital Management Inc. now owns 81,821 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 67,568 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Empire State Realty Trust by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,285,543 shares of the real estate investment trust’s stock worth $31,837,000 after acquiring an additional 245,458 shares in the last quarter. QRG Capital Management Inc. increased its stake in Empire State Realty Trust by 20.5% in the fourth quarter. QRG Capital Management Inc. now owns 16,297 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,776 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Empire State Realty Trust by 31.2% during the fourth quarter. Principal Financial Group Inc. now owns 126,209 shares of the real estate investment trust’s stock valued at $1,223,000 after purchasing an additional 30,047 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $10.20 on Tuesday. The firm’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $9.77. The stock has a market cap of $1.68 billion, a PE ratio of 34.00, a PEG ratio of 6.20 and a beta of 1.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 3.24. Empire State Realty Trust, Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $11.20.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.14). The firm had revenue of $189.54 million for the quarter. Empire State Realty Trust had a net margin of 5.89% and a return on equity of 2.57%. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities analysts expect that Empire State Realty Trust, Inc. will post 0.94 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ESRT. BMO Capital Markets lifted their price target on Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 26th.

Empire State Realty Trust 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.