Duality Advisers LP Lowers Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Duality Advisers LP lessened its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,632 shares of the real estate investment trust’s stock after selling 3,391 shares during the quarter. Duality Advisers LP’s holdings in Empire State Realty Trust were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ESRT. Federated Hermes Inc. acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at approximately $59,000. Spirit of America Management Corp NY acquired a new stake in shares of Empire State Realty Trust during the 4th quarter valued at approximately $87,000. QRG Capital Management Inc. acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at approximately $109,000. New York State Teachers Retirement System acquired a new stake in shares of Empire State Realty Trust during the 4th quarter valued at approximately $115,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at approximately $131,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Trading Down 2.7 %

Shares of Empire State Realty Trust stock opened at $9.11 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04. Empire State Realty Trust, Inc. has a 1 year low of $5.43 and a 1 year high of $10.32. The company has a market capitalization of $1.49 billion, a P/E ratio of 30.37, a P/E/G ratio of 3.44 and a beta of 1.30. The business has a 50 day moving average price of $9.70 and a 200 day moving average price of $9.35.

Empire State Realty Trust Announces Dividend

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 dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.54%. Empire State Realty Trust’s dividend payout ratio is currently 46.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and an average target price of $8.33.

About Empire State Realty Trust

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.