Principal Financial Group Inc. increased its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT – Free Report) by 51.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,162 shares of the real estate investment trust’s stock after buying an additional 32,606 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Empire State Realty Trust worth $773,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of ESRT. Nuveen Asset Management LLC grew its holdings in shares of Empire State Realty Trust by 252.7% during the second quarter. Nuveen Asset Management LLC now owns 1,961,519 shares of the real estate investment trust’s stock valued at $14,692,000 after buying an additional 1,405,307 shares in the last quarter. Norges Bank acquired a new stake in Empire State Realty Trust during the fourth quarter valued at $9,268,000. Balyasny Asset Management LLC boosted its position in Empire State Realty Trust by 711.3% during the third quarter. Balyasny Asset Management LLC now owns 1,416,134 shares of the real estate investment trust’s stock valued at $9,290,000 after purchasing an additional 1,241,584 shares during the last quarter. State Street Corp boosted its position in Empire State Realty Trust by 15.5% during the first quarter. State Street Corp now owns 7,256,222 shares of the real estate investment trust’s stock valued at $71,256,000 after purchasing an additional 974,740 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Empire State Realty Trust by 247.0% during the second quarter. Point72 Asset Management L.P. now owns 1,336,800 shares of the real estate investment trust’s stock valued at $10,013,000 after purchasing an additional 951,500 shares during the last quarter. Hedge funds and other institutional investors own 80.44% of the company’s stock.
Empire State Realty Trust Price Performance
Shares of NYSE:ESRT opened at $9.84 on Friday. Empire State Realty Trust, Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $10.32. The business has a 50-day moving average of $9.76 and a two-hundred day moving average of $8.87. The stock has a market capitalization of $1.60 billion, a P/E ratio of 29.82, a P/E/G ratio of 5.42 and a beta of 1.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 8.56 and a quick ratio of 8.56.
Empire State Realty Trust Announces Dividend
Analysts Set New Price Targets
A number of research firms recently issued reports on ESRT. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Evercore ISI cut Empire State Realty Trust from an “outperform” rating to an “in-line” rating and set a $9.00 price target for the company. in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and an average price target of $8.65.
About Empire State Realty Trust
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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