Wolverine Asset Management LLC Grows Holdings in Empire State Realty Trust, Inc. $ESRT

Wolverine Asset Management LLC boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 172.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,931 shares of the real estate investment trust’s stock after buying an additional 571,226 shares during the quarter. Wolverine Asset Management LLC owned 0.54% of Empire State Realty Trust worth $7,297,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ESRT. Teacher Retirement System of Texas increased its position in shares of Empire State Realty Trust by 38.5% during the second quarter. Teacher Retirement System of Texas now owns 43,077 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 11,973 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Empire State Realty Trust by 31.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 102,730 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 24,541 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Empire State Realty Trust in the 2nd quarter valued at approximately $297,000. Asset Management One Co. Ltd. boosted its stake in shares of Empire State Realty Trust by 1.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 201,820 shares of the real estate investment trust’s stock valued at $1,633,000 after buying an additional 3,494 shares during the last quarter. Finally, Benin Management CORP grew its position in shares of Empire State Realty Trust by 9.2% during the second quarter. Benin Management CORP now owns 29,800 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 2,500 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.43.

Empire State Realty Trust Stock Down 6.0%

ESRT stock opened at $7.16 on Friday. The firm has a fifty day moving average price of $7.61 and a two-hundred day moving average price of $7.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.43. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 34.10 and a beta of 1.79.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.23 earnings per share for the quarter. The business had revenue of $158.41 million during the quarter. Empire State Realty Trust had a net margin of 4.96% and a return on equity of 2.13%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Research analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, September 15th. Empire State Realty Trust’s dividend payout ratio is presently 66.67%.

Empire State Realty Trust Company Profile

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.