BNP Paribas Financial Markets Raises Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

BNP Paribas Financial Markets boosted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,391 shares of the real estate investment trust’s stock after buying an additional 1,231 shares during the period. BNP Paribas Financial Markets’ holdings in Empire State Realty Trust were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vision Capital Corp increased its stake in Empire State Realty Trust by 79.9% during the third quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock worth $31,057,000 after purchasing an additional 1,245,211 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Empire State Realty Trust during the second quarter worth about $7,926,000. 1832 Asset Management L.P. purchased a new stake in Empire State Realty Trust during the second quarter worth about $4,573,000. Charles Schwab Investment Management Inc. increased its stake in Empire State Realty Trust by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after purchasing an additional 171,056 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Empire State Realty Trust by 142.5% during the second quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock worth $2,396,000 after purchasing an additional 150,100 shares during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Up 0.6 %

ESRT stock opened at $11.23 on Monday. The company’s 50 day moving average price is $10.96 and its 200 day moving average price is $10.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.62. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 41.59 and a beta of 1.40.

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

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is 51.85%.

Analysts Set New Price Targets

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

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.