Empire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Update

Empire State Realty Trust, Inc. (NYSE:ESRT) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 4,780,000 shares, a growth of 5.5% from the October 31st total of 4,530,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.5% of the shares of the company are short sold.

Empire State Realty Trust Trading Up 0.3 %

NYSE ESRT traded up $0.03 on Tuesday, hitting $10.87. 469,107 shares of the company were exchanged, compared to its average volume of 1,122,134. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. Empire State Realty Trust has a twelve month low of $8.78 and a twelve month high of $11.62. The firm has a market capitalization of $1.81 billion, a P/E ratio of 40.20 and a beta of 1.41. The company’s 50 day moving average price is $10.94 and its 200-day moving average price is $10.32.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). The business had revenue of $199.60 million during the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same period in the previous year, the business posted $0.25 earnings per share. Analysts predict that Empire State Realty Trust will post 0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, BMO Capital Markets boosted their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

Institutional Trading of Empire State Realty Trust

A number of institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Empire State Realty Trust in the third quarter worth approximately $25,000. Signaturefd LLC lifted its position in shares of Empire State Realty Trust by 81.6% in the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,524 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Empire State Realty Trust by 3,139.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 4,332 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Empire State Realty Trust in the third quarter valued at about $115,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

About Empire State Realty Trust

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.