Empire State Realty Trust, Inc. $ESRT Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. grew its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 456.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,128,303 shares of the real estate investment trust’s stock after acquiring an additional 9,129,959 shares during the quarter. Cohen & Steers Inc. owned about 0.07% of Empire State Realty Trust worth $72,557,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Empire State Realty Trust by 78.6% during the fourth quarter. Jane Street Group LLC now owns 103,346 shares of the real estate investment trust’s stock worth $674,000 after purchasing an additional 45,487 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Empire State Realty Trust by 29.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,523 shares during the period. HRT Financial LP acquired a new stake in shares of Empire State Realty Trust during the fourth quarter worth $1,515,000. DRW Securities LLC acquired a new stake in shares of Empire State Realty Trust during the fourth quarter worth $69,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Empire State Realty Trust by 9.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 53,435 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 4,505 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ESRT has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a report on Monday, June 1st. Citigroup reduced their target price on Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Evercore set a $6.00 target price on Empire State Realty Trust in a report on Monday. Finally, Weiss Ratings downgraded Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Empire State Realty Trust currently has an average rating of “Sell” and an average target price of $5.92.

Empire State Realty Trust Trading Up 0.8%

Shares of ESRT stock opened at $5.45 on Friday. Empire State Realty Trust, Inc. has a fifty-two week low of $4.87 and a fifty-two week high of $8.76. The stock has a market cap of $938.88 million, a P/E ratio of 20.94 and a beta of 1.35. The business has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $5.98. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.22.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.035 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.6%. 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.