Public Employees Retirement System of Ohio Makes New Investment in Empire State Realty Trust, Inc. $ESRT

Public Employees Retirement System of Ohio purchased a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 166,787 shares of the real estate investment trust’s stock, valued at approximately $902,000. Public Employees Retirement System of Ohio owned 0.10% of Empire State Realty Trust as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Empire State Realty Trust in the second quarter valued at $74,000. DRW Securities LLC purchased a new position in Empire State Realty Trust in the fourth quarter valued at $69,000. Vise Technologies Inc. acquired a new position in Empire State Realty Trust during the 4th quarter worth $71,000. Royal Bank of Canada grew its stake in Empire State Realty Trust by 86.1% during the 1st quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 5,124 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Empire State Realty Trust by 29.1% during the 4th 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. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $4.22 on Thursday. Empire State Realty Trust, Inc. has a 12 month low of $4.13 and a 12 month high of $8.04. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $731.13 million, a PE ratio of 60.34 and a beta of 1.36. The business’s fifty day moving average price is $5.06 and its 200 day moving average price is $5.30.

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

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

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

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.