J.P. Morgan Private Wealth Advisors LLC Buys 260,840 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

J.P. Morgan Private Wealth Advisors LLC raised its holdings in Empire State Realty Trust, Inc. (NYSE:ESRTFree Report) by 650.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 300,970 shares of the real estate investment trust’s stock after purchasing an additional 260,840 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Empire State Realty Trust were worth $2,420,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ESRT. Raymond James & Associates boosted its holdings in Empire State Realty Trust by 25.0% in the first quarter. Raymond James & Associates now owns 276,068 shares of the real estate investment trust’s stock valued at $2,711,000 after purchasing an additional 55,271 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Empire State Realty Trust in the first quarter valued at $141,000. Bank of Montreal Can boosted its holdings in Empire State Realty Trust by 7.6% in the first quarter. Bank of Montreal Can now owns 27,846 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 1,955 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Empire State Realty Trust by 36.4% in the first quarter. MetLife Investment Management LLC now owns 67,238 shares of the real estate investment trust’s stock valued at $660,000 after purchasing an additional 17,932 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of Empire State Realty Trust in the first quarter worth about $1,515,000. 80.44% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Up 1.3 %

ESRT opened at $9.84 on Friday. Empire State Realty Trust, Inc. has a twelve month low of $5.39 and a twelve month high of $10.32. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $9.76 and a 200 day moving average price of $8.86. The company has a market cap of $1.60 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 5.24 and a beta of 1.30.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.14 annualized dividend and a dividend yield of 1.42%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 42.43%.

Analysts Set New Price Targets

ESRT has been the subject of a number of analyst reports. Evercore ISI downgraded shares of Empire State Realty Trust from an “outperform” rating to an “in-line” rating and set a $9.00 price objective for the company. in a research report on Monday, November 27th. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.65.

Get Our Latest Stock Analysis on ESRT

Empire State Realty Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)

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