Cibc World Markets Corp Purchases Shares of 12,759 Empire State Realty Trust, Inc. (NYSE:ESRT)

Cibc World Markets Corp acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,759 shares of the real estate investment trust’s stock, valued at approximately $132,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Empire State Realty Trust by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock valued at $41,648,000 after purchasing an additional 171,056 shares during the period. Geode Capital Management LLC raised its position in shares of Empire State Realty Trust by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock worth $37,756,000 after acquiring an additional 38,529 shares during the period. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 98,850 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 valued at $12,180,000 after acquiring an additional 875,836 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Empire State Realty Trust by 5.8% during the 4th quarter. Nordea Investment Management AB now owns 727,158 shares of the real estate investment trust’s stock valued at $7,482,000 after acquiring an additional 40,042 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

ESRT has been the topic of a number of recent analyst reports. Wolfe Research upgraded Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Tuesday. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th.

Empire State Realty Trust Stock Down 1.4 %

ESRT opened at $7.93 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 28.34 and a beta of 1.39. Empire State Realty Trust, Inc. has a twelve month low of $7.88 and a twelve month high of $11.62. The company has a 50-day moving average price of $8.90 and a 200 day moving average price of $10.08. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The business had revenue of $155.13 million for the quarter, compared to the consensus estimate of $192.62 million. Sell-side analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust’s payout ratio is 50.00%.

Insider Activity

In other news, EVP Thomas P. Durels sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $8.11, for a total value of $101,375.00. Following the completion of the sale, the executive vice president now directly owns 74,307 shares in the company, valued at $602,629.77. This represents a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 30,122 shares of company stock worth $242,761 over the last three months. Insiders own 13.95% of the company’s stock.

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.