Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 19,844,999 shares of the real estate investment trust’s stock after purchasing an additional 461,421 shares during the quarter. Vanguard Group Inc. owned 0.12% of Empire State Realty Trust worth $204,800,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Empire State Realty Trust by 392.0% during the third 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 buying an additional 875,836 shares during the period. Barclays PLC increased its stake in shares of Empire State Realty Trust by 133.2% during the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock valued at $3,374,000 after acquiring an additional 173,965 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Empire State Realty Trust by 143.8% during the 4th quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust’s stock worth $2,711,000 after acquiring an additional 154,920 shares during the period. Jane Street Group LLC boosted its position in shares of Empire State Realty Trust by 95.4% in the third quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock worth $2,533,000 after acquiring an additional 111,589 shares during the last quarter. Finally, FMR LLC grew its holdings in Empire State Realty Trust by 28.2% in the third quarter. FMR LLC now owns 467,285 shares of the real estate investment trust’s stock valued at $5,178,000 after purchasing an additional 102,658 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Insider Buying and Selling

In other news, EVP Thomas P. Durels sold 11,843 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.02, for a total transaction of $94,980.86. Following the completion of the sale, the executive vice president now directly owns 44,185 shares in the company, valued at $354,363.70. This trade represents a 21.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 30,122 shares of company stock valued at $242,761. Corporate insiders own 14.01% of the company’s stock.

Analysts Set New Price Targets

ESRT has been the topic of a number of recent analyst reports. StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Tuesday, March 25th.

Empire State Realty Trust Stock Down 2.9 %

ESRT opened at $7.23 on Friday. 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 $6.95 and a 1 year high of $11.62. The firm has a 50 day moving average price of $8.66 and a 200 day moving average price of $9.96. The company has a market cap of $1.21 billion, a PE ratio of 25.80 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last posted 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 net margin of 6.45% and a return on equity of 2.84%. The business had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million. Sell-side analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.035 per share. The ex-dividend date was Friday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.94%. Empire State Realty Trust’s payout ratio is currently 50.00%.

Empire State Realty Trust 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.