ExodusPoint Capital Management LP Buys New Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

ExodusPoint Capital Management LP acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 209,012 shares of the real estate investment trust's stock, valued at approximately $2,157,000. ExodusPoint Capital Management LP owned approximately 0.13% of Empire State Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ESRT. Geode Capital Management LLC lifted its position in shares of Empire State Realty Trust by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust's stock worth $35,302,000 after acquiring an additional 13,045 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Empire State Realty Trust by 16.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust's stock worth $16,480,000 after acquiring an additional 227,953 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Empire State Realty Trust by 9.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 184,842 shares of the real estate investment trust's stock valued at $1,908,000 after acquiring an additional 15,400 shares in the last quarter. Norges Bank bought a new position in Empire State Realty Trust during the fourth quarter worth about $4,725,000. Finally, JPMorgan Chase & Co. boosted its holdings in Empire State Realty Trust by 5.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust's stock valued at $17,642,000 after purchasing an additional 93,539 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Wolfe Research raised Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective on the stock in a research note on Tuesday, March 25th.

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 transaction, the executive vice president now owns 74,307 shares of the company's stock, valued at $602,629.77. This represents a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 30,122 shares of company stock worth $242,761. Insiders own 13.95% of the company's stock.

Empire State Realty Trust Stock Performance

ESRT stock traded up $0.06 during trading hours on Monday, hitting $7.10. 125,173 shares of the stock were exchanged, compared to its average volume of 1,187,001. Empire State Realty Trust, Inc. has a 12 month low of $6.56 and a 12 month high of $11.62. The firm has a market capitalization of $1.19 billion, a P/E ratio of 25.36 and a beta of 1.39. The company has a 50-day simple moving average of $8.32 and a two-hundred day simple moving average of $9.76. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. On average, analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, March 14th. Empire State Realty Trust's dividend payout ratio is presently 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.