Capital Investment Counsel Inc Invests $186,000 in Empire State Realty Trust, Inc. (NYSE:ESRT)

Capital Investment Counsel Inc bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,800 shares of the real estate investment trust’s stock, valued at approximately $186,000.

A number of other large investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its stake in Empire State Realty Trust by 9.3% in the second quarter. Assenagon Asset Management S.A. now owns 36,763 shares of the real estate investment trust’s stock valued at $345,000 after acquiring an additional 3,120 shares during the period. Vanderbilt University lifted its holdings in shares of Empire State Realty Trust by 70.1% in the 2nd quarter. Vanderbilt University now owns 26,156 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 10,779 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Empire State Realty Trust by 63.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 63,450 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 24,580 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Empire State Realty Trust by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,709 shares of the real estate investment trust’s stock valued at $1,051,000 after purchasing an additional 4,727 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Empire State Realty Trust by 14.8% during the first quarter. Lazard Asset Management LLC now owns 314,093 shares of the real estate investment trust’s stock worth $3,181,000 after buying an additional 40,451 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Down 1.3 %

ESRT traded down $0.13 during mid-day trading on Tuesday, reaching $10.11. 656,808 shares of the stock were exchanged, compared to its average volume of 1,093,228. Empire State Realty Trust, Inc. has a 1 year low of $7.25 and a 1 year high of $11.20. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 3.24. The stock has a market capitalization of $1.67 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 6.38 and a beta of 1.39. The company has a 50 day moving average price of $9.95 and a two-hundred day moving average price of $9.70.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results 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 return on equity of 2.57% and a net margin of 5.89%. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.94 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, September 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 46.67%.

Analyst Ratings Changes

ESRT has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, July 19th. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 26th.

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.