Empire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Up 8.8% in March

Empire State Realty Trust, Inc. (NYSE:ESRT) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 7,820,000 shares, a growth of 8.8% from the March 15th total of 7,190,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is currently 7.0 days. Currently, 5.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new position in Empire State Realty Trust during the fourth quarter valued at approximately $34,000. Ensign Peak Advisors Inc bought a new position in Empire State Realty Trust during the third quarter valued at approximately $44,000. Osaic Holdings Inc. boosted its stake in shares of 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 period. Federated Hermes Inc. purchased a new stake in shares of Empire State Realty Trust during the third quarter valued at approximately $59,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Empire State Realty Trust during the second quarter valued at approximately $59,000. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.33.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock traded down $0.06 on Monday, reaching $9.14. The stock had a trading volume of 609,211 shares, compared to its average volume of 1,116,475. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $9.77 and its two-hundred day moving average is $9.29. The company has a market cap of $1.50 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 3.34 and a beta of 1.30. Empire State Realty Trust has a 1 year low of $5.43 and a 1 year high of $10.32.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 45.16%.

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.