Empire State Realty Trust (ESRT) Stock is Nearing True Value

1 hour ago 1

Soumya Eswaran

Tue, July 14, 2026 astatine 9:22 AM CDT 3 min read

Longleaf Partners, managed by Southeastern Asset Management, released its second-quarter 2026 capitalist missive for its "Small-Cap Fund". A transcript of the missive tin beryllium downloaded here. The missive states that the portfolio holdings are charismatic present based connected some P/V and P/FCF metrics; however, marketplace winners person gone acold higher than just value. The Fund returned -2.47% successful the quarter, underperforming the 21.49% instrumentality for the Russell 2000 Index and the 17.19% summation for the Russell 2000 Value Index. The underperformance successful the 4th was driven by unexpected moves chiefly successful the IT and industrials sectors and marketplace favour for speculative stocks. The Firm's concern attack focuses connected median, unweighted multiples, prioritizing maturation successful escaped currency travel per share, the imaginable for aggregate expansion, and strategical initiatives. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, Longleaf Partners Small-Cap Fund highlighted Empire State Realty Trust, Inc. (NYSE:ESRT). Empire State Realty Trust, Inc. (NYSE:ESRT) is simply a NYC-focused REIT that owns and operates office, retail, and multifamily assets. On July 13, 2026, Empire State Realty Trust, Inc. (NYSE:ESRT) closed astatine $5.54 per share, reflecting a marketplace capitalization of $1.69 billion. Empire State Realty Trust, Inc. (NYSE:ESRT) posted a one-month instrumentality of 3.36%, and its shares mislaid 30.49% implicit the past 52 weeks.

Longleaf Partners Small-Cap Fund stated the pursuing regarding Empire State Realty Trust, Inc. (NYSE:ESRT) successful its Q2 2026 capitalist update:

"Alexander's and Empire State Realty Trust, Inc. (NYSE:ESRT) – New York existent property companies Alexander's and Empire State Realty Trust some contributed successful the quarter. Alexander's was the bigger contributor, arsenic the institution closed the antecedently announced plus merchantability of a non halfway spot portion signing a lease with Target to get its cardinal buying halfway successful Queens fully-leased. It is getting harder for the marketplace to disregard the dependable FCF powerfulness and beardown equilibrium expanse of this company. Empire State besides contributed but connected a lesser standard successful the 4th arsenic the institution closed a large plus merchantability itself that implies a worth for the remainder of its concern that is implicit 2x the existent stock price. Both companies are connected discourtesy and capable to proceed closing their terms to worth gaps."

Among Billionaire Mason Hawkins' Small-Cap Stocks with Huge Upside Potential

Empire State Realty Trust, Inc. (NYSE:ESRT) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 16 hedge money portfolios held Empire State Realty Trust, Inc. (NYSE:ESRT) astatine the extremity of the archetypal quarter, compared to 17 successful the erstwhile quarter. While we admit the imaginable of Empire State Realty Trust, Inc. (NYSE:ESRT) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

Read Entire Article