Leonteq Securities AG Buys Shares of 247,806 Empire State Realty Trust, Inc. $ESRT

Leonteq Securities AG bought a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 247,806 shares of the real estate investment trust’s stock, valued at approximately $1,616,000. Leonteq Securities AG owned approximately 0.15% of Empire State Realty Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in Empire State Realty Trust by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust’s stock valued at $91,318,000 after acquiring an additional 1,153,446 shares in the last quarter. Resolution Capital Ltd bought a new stake in Empire State Realty Trust during the 2nd quarter valued at $43,706,000. Principal Financial Group Inc. boosted its position in Empire State Realty Trust by 59.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,813,895 shares of the real estate investment trust’s stock valued at $29,214,000 after acquiring an additional 1,424,066 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Empire State Realty Trust by 22.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,475,569 shares of the real estate investment trust’s stock valued at $26,623,000 after acquiring an additional 627,210 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Empire State Realty Trust by 204.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,155,109 shares of the real estate investment trust’s stock valued at $20,571,000 after acquiring an additional 2,118,859 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ESRT. Citigroup dropped their target price on Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings lowered Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Evercore set a $7.00 price objective on Empire State Realty Trust in a report on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus target price of $6.35.

Empire State Realty Trust Stock Performance

Shares of ESRT opened at $5.65 on Friday. Empire State Realty Trust, Inc. has a 12 month low of $4.87 and a 12 month high of $8.76. The stock has a fifty day moving average price of $5.35 and a 200-day moving average price of $6.15. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.22. The firm has a market cap of $973.37 million, a PE ratio of 21.71 and a beta of 1.35.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.12 EPS for the quarter. The firm had revenue of $199.22 million during the quarter. Empire State Realty Trust had a return on equity of 2.19% and a net margin of 5.09%. Equities research analysts predict that Empire State Realty Trust, Inc. will post 0.87 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.5%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 53.85%.

Empire State Realty Trust Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.