Renaissance Technologies LLC Boosts Stock Holdings in Empire State Realty Trust, Inc. $ESRT

Renaissance Technologies LLC boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 55.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,700 shares of the real estate investment trust’s stock after purchasing an additional 130,100 shares during the period. Renaissance Technologies LLC owned about 0.21% of Empire State Realty Trust worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Amundi increased its position in 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 worth $585,000 after purchasing an additional 1,562 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Empire State Realty Trust by 35.9% in the 1st quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 7,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Empire State Realty Trust by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock valued at $638,000 after buying an additional 4,535 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Empire State Realty Trust by 137.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock valued at $24,284,000 after buying an additional 1,798,850 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Empire State Realty Trust by 9.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock worth $8,869,000 after acquiring an additional 98,148 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of ESRT stock opened at $4.66 on Wednesday. The stock has a fifty day moving average price of $5.35 and a 200 day moving average price of $5.58. The stock has a market cap of $1.32 billion, a PE ratio of 66.51 and a beta of 1.36. Empire State Realty Trust, Inc. has a 1 year low of $4.61 and a 1 year high of $8.07. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. The firm had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. Sell-side analysts forecast that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ESRT shares. Citigroup cut their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Wells Fargo & Company cut their price target on shares of 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Friday. Finally, Evercore set a $5.50 price objective on shares of Empire State Realty Trust in a report on Thursday, July 30th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Empire State Realty Trust presently has a consensus rating of “Sell” and a consensus target price of $5.50.

Empire State Realty Trust Company 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.