Public Employees Retirement System of Ohio Invests $902,000 in Empire State Realty Trust, Inc. $ESRT

Public Employees Retirement System of Ohio bought a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 166,787 shares of the real estate investment trust’s stock, valued at approximately $902,000.

A number of other hedge funds have also recently modified their holdings of ESRT. Bank of America Corp DE raised its stake in Empire State Realty Trust by 64.5% during the 1st quarter. Bank of America Corp DE now owns 239,604 shares of the real estate investment trust’s stock worth $1,246,000 after acquiring an additional 93,989 shares in the last quarter. Amundi lifted its position in Empire State Realty Trust by 27.5% in the first quarter. Amundi now owns 124,698 shares of the real estate investment trust’s stock valued at $648,000 after acquiring an additional 26,886 shares during the last quarter. Royal Bank of Canada boosted its stake in Empire State Realty Trust by 86.1% in the first quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 5,124 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Empire State Realty Trust by 150.3% in the first quarter. Quantinno Capital Management LP now owns 75,003 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 45,034 shares in the last quarter. Finally, SummitTX Capital L.P. boosted its stake in Empire State Realty Trust by 11.3% in the first quarter. SummitTX Capital L.P. now owns 1,434,267 shares of the real estate investment trust’s stock valued at $7,458,000 after acquiring an additional 146,070 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Trading Down 4.0%

Shares of Empire State Realty Trust stock opened at $4.22 on Thursday. Empire State Realty Trust, Inc. has a 1 year low of $4.13 and a 1 year high of $8.04. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $731.13 million, a P/E ratio of 60.34 and a beta of 1.36. The company’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.30.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. The business 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. Analysts forecast that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 15th. Empire State Realty Trust’s payout ratio is 200.00%.

Wall Street Analysts Forecast Growth

ESRT has been the topic of a number of research analyst reports. Citigroup cut their target price on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company decreased their target price on Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Tuesday, September 1st. Weiss Ratings restated a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Friday, August 7th. Evercore set a $5.50 price target on Empire State Realty Trust in a research report on Thursday, July 30th. Finally, Wall Street Zen cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Sell” and a consensus target price of $5.17.

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.