Charles Schwab Investment Managem has recently announced that it has increased stake in Empire State Realty Trust Inc (NYSE:ESRT) by 6.18%. After grabbing 3.04 million shares, the institutional investor is now in possession of 0.18 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 1.90% having worth around $24.59 million. Moreover, Geode Capital Management LLC increased its share by 94812.0 to have a control over 2.94 million shares.
Empire State Realty Trust Inc (ESRT) concluded trading on 12/14/23 at a closing price of $9.73, with 5.85 million shares of worth about $56.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.85% during that period and on Thursday the price saw a gain of about 0.72%. Currently the company’s common shares owned by public are about 160.14M shares, out of which, 131.51M shares are available for trading.
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Vanguard Real Estate Index Fund, Longleaf Partners Small Cap Fund, and MFS New Discovery Value Fund are the top 3 mutual funds which are holding stakes in Empire State Realty Trust Inc Vanguard Real Estate Index Fund is currently holding 5.59 million shares of worth totaling $45.19 million. The company recently came selling 27117.0 shares which brought its stake up to 3.49% of the company’s outstanding shares. Longleaf Partners Small Cap Fund sold -1.21 million shares, after which its hold over company’s outstanding shares shrunk to 3.06%, leaving 4.91 million shares with the mutual fund that have a worth of about $39.69 million. MFS New Discovery Value Fund, after buying 4.25 million shares, have now control over 2.65% of the stake in the company. It holds 54717.0 shares of worth $34.35 million.
However, the stock later moved at a day high price of 10.15, or with a gain of 0.72%. Stock saw a price change of 3.40% in past 5 days and over the past one month there was a price change of 8.84%. Year-to-date (YTD), ESRT shares are showing a performance of 44.36% which increased to 40.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.39 but also hit the highest price of $9.74 during that period. The average intraday trading volume for Empire State Realty Trust Inc shares is 1.21 million. The stock is currently trading 7.61% above its 20-day simple moving average (SMA20), while that difference is up 14.85% for SMA50 and it goes to 28.61% higher than SMA200.
Charles Schwab Investment Managem acquired 3.04 million shares of Empire State Realty Trust Inc having value of about $24.59 million. Data submitted at the U.S SEC by Charles Schwab Investment Managem revealed that the firm now holds 0.18 million shares in the company valued at close to $1722696.5, or have control over 6.18% stake in the company. Empire State Realty Trust Inc (NYSE: ESRT) currently have 160.14M outstanding shares and institutions hold larger chunk of about 73.46% of that. Holding of mutual funds in the company is about 28.88% while other institutional holders and individual stake holders have control over 46.24% and 18.74% of the stake respectively.
The stock has a current market capitalization of $1.58B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 30.02, while it has posted earnings per share of $0.32 in the same period. Its PEG reads 16.68 while making debt-to-equity ratio of 2.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ESRT, volatility over the week remained 4.33% while standing at 3.33% over the month.
Analysts are in expectations that Empire State Realty Trust Inc (ESRT) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. EPS is likely to grow at an annualized rate of 1.80% for next 5-years, compared to annual growth of -10.86% made by the stock over the past 5-years.
