Nordea Investment Management AB Reduces Position in Empire State Realty Trust, Inc. $ESRT

Nordea Investment Management AB decreased its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,029,584 shares of the real estate investment trust’s stock after selling 150,901 shares during the period. Nordea Investment Management AB owned about 0.60% of Empire State Realty Trust worth $6,667,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its holdings in shares of Empire State Realty Trust by 73.1% during the third quarter. Wolverine Asset Management LLC now owns 1,561,474 shares of the real estate investment trust’s stock worth $11,961,000 after purchasing an additional 659,543 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Empire State Realty Trust during the 3rd quarter valued at about $3,983,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Empire State Realty Trust by 131.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,118,081 shares of the real estate investment trust’s stock valued at $8,564,000 after purchasing an additional 634,543 shares during the period. Principal Financial Group Inc. raised its position in Empire State Realty Trust by 59.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,813,895 shares of the real estate investment trust’s stock valued at $29,214,000 after purchasing an additional 1,424,066 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Empire State Realty Trust by 42.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,169,216 shares of the real estate investment trust’s stock valued at $17,549,000 after purchasing an additional 649,776 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ESRT. Wells Fargo & Company cut their price objective on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Evercore set a $7.00 target price on Empire State Realty Trust in a report on Wednesday, February 18th. Citigroup dropped their price target on Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings downgraded shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Empire State Realty Trust currently has an average rating of “Sell” and a consensus price target of $6.77.

Empire State Realty Trust Stock Performance

Empire State Realty Trust stock opened at $4.97 on Friday. Empire State Realty Trust, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $8.76. The stock’s 50 day simple moving average is $6.00 and its two-hundred day simple moving average is $6.75. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $850.21 million, a price-to-earnings ratio of 19.10 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 2.59% and a net margin of 6.06%.The firm had revenue of $199.22 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. As a group, analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.035 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 2.8%. Empire State Realty Trust’s dividend payout ratio is 53.85%.

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.