Vanguard Group Inc. Cuts Position in Empire State Realty Trust, Inc. $ESRT

Vanguard Group Inc. reduced its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,514,058 shares of the real estate investment trust’s stock after selling 108,592 shares during the quarter. Vanguard Group Inc. owned approximately 11.50% of Empire State Realty Trust worth $149,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. M&T Bank Corp raised its stake in shares of Empire State Realty Trust by 11.7% in the 2nd quarter. M&T Bank Corp now owns 12,961 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,360 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Empire State Realty Trust by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,992 shares of the real estate investment trust’s stock valued at $574,000 after acquiring an additional 1,418 shares in the last quarter. Amundi grew its position in shares of Empire State Realty Trust by 2.0% during the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 1,562 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Empire State Realty Trust by 3.0% in the 2nd quarter. Cerity Partners LLC now owns 64,449 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 1,896 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Empire State Realty Trust by 1.0% during the second quarter. Jane Street Group LLC now owns 208,652 shares of the real estate investment trust’s stock worth $1,688,000 after acquiring an additional 2,126 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a report on Monday. Citigroup cut their target price on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Empire State Realty Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.58.

Empire State Realty Trust Stock Up 0.3%

Empire State Realty Trust stock opened at $5.76 on Wednesday. Empire State Realty Trust, Inc. has a 12-month low of $5.55 and a 12-month high of $8.92. The firm’s fifty day moving average is $6.41 and its 200 day moving average is $7.01. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $980.29 million, a PE ratio of 22.15 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported $0.23 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.60% and a net margin of 6.06%.The company had revenue of $199.22 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. Empire State Realty Trust’s dividend payout ratio is currently 53.85%.

About Empire State Realty Trust

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.