Empire State Realty Trust (ESRT)

• Market cap: $1.61B
• 1 day: 0.31%
• 5 days: 1.48%
• 1 month: -12.93%
• 3 months: -15.75%
• 6 months: -8.89%
• Year to date: -5.31%
• 1 year: -1.63%
• 5 years: -31.56%
• 10 years: -46.20%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.

Employees: 666

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14,217% more call options, than puts

Call options by funds: $4.3M | Put options by funds: $30K

48% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 21

29% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 62

22% more capital invested

Capital invested by funds: $1.08B [Q2] → $1.32B (+$237M) [Q3]

4% more funds holding

Funds holding: 210 [Q2] → 218 (+8) [Q3]

2.28% more ownership

Funds ownership: 70.14% [Q2] → 72.42% (+2.28%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $13 35% upside
• Avg. target: $13 35% upside
• High target: $13 35% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

BMO Capital John Kim 65% 1-year accuracy 11 / 17 met price target

35% upside $13

Outperform Maintained

15 Nov 2024