Asset Management One Co. Ltd. Lowers Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Asset Management One Co. Ltd. decreased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,715 shares of the real estate investment trust’s stock after selling 2,009 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Empire State Realty Trust were worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Empire State Realty Trust by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after purchasing an additional 171,056 shares in the last quarter. Geode Capital Management LLC grew its position in Empire State Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock valued at $37,756,000 after buying an additional 38,529 shares during the last quarter. Vision Capital Corp grew its position in Empire State Realty Trust by 79.9% in the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after buying an additional 1,245,211 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Empire State Realty Trust by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust’s stock worth $17,905,000 after purchasing an additional 98,850 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Empire State Realty Trust by 392.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock worth $12,180,000 after purchasing an additional 875,836 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Insider Activity

In related news, EVP Thomas P. Durels sold 3,193 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total transaction of $34,803.70. Following the sale, the executive vice president now directly owns 96,807 shares of the company’s stock, valued at approximately $1,055,196.30. This represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.95% of the company’s stock.

Empire State Realty Trust Stock Down 0.4 %

Shares of NYSE:ESRT opened at $9.01 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust, Inc. has a 1 year low of $8.78 and a 1 year high of $11.62. The stock has a market capitalization of $1.50 billion, a P/E ratio of 33.35 and a beta of 1.40. The stock has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $10.43.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. Equities analysts forecast that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

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.