StockNews.com Upgrades Empire State Realty Trust (NYSE:ESRT) to “Hold”

Empire State Realty Trust (NYSE:ESRTGet Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Empire State Realty Trust Stock Performance

ESRT opened at $9.15 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 29.52, a P/E/G ratio of 3.29 and a beta of 1.30. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $9.73 and a 200-day simple moving average of $9.31. Empire State Realty Trust has a fifty-two week low of $5.43 and a fifty-two week high of $10.32.

Institutional Trading of Empire State Realty Trust

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Empire State Realty Trust during the fourth quarter valued at $34,000. Osaic Holdings Inc. boosted its position in Empire State Realty Trust by 37.6% during the second quarter. Osaic Holdings Inc. now owns 6,091 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,666 shares during the last quarter. Ensign Peak Advisors Inc acquired a new stake in Empire State Realty Trust during the third quarter valued at $44,000. Federated Hermes Inc. acquired a new stake in Empire State Realty Trust during the third quarter valued at $59,000. Finally, US Bancorp DE boosted its position in Empire State Realty Trust by 215.6% during the fourth quarter. US Bancorp DE now owns 7,589 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 5,184 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Company Profile

(Get Free Report)

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.

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