Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 133.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 304,539 shares of the real estate investment trust's stock after buying an additional 173,965 shares during the quarter. Barclays PLC owned approximately 0.18% of Empire State Realty Trust worth $3,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Empire State Realty Trust by 4.8% in the third 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 acquiring an additional 171,056 shares in the last quarter. Vision Capital Corp lifted its holdings 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 purchasing an additional 1,245,211 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Empire State Realty Trust by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 848,486 shares of the real estate investment trust's stock worth $7,959,000 after purchasing an additional 37,370 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Empire State Realty Trust during the second quarter worth about $7,926,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 3,193 shares of Empire State Realty Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total transaction of $34,803.70. Following the transaction, the executive vice president now directly owns 96,807 shares of the company's stock, valued at $1,055,196.30. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 14.01% of the stock is currently owned by insiders.

Empire State Realty Trust Trading Up 0.4 %

Shares of ESRT stock traded up $0.04 during trading hours on Tuesday, hitting $10.11. 760,972 shares of the company were exchanged, compared to its average volume of 1,124,531. The firm has a fifty day moving average of $10.87 and a 200 day moving average of $10.49. 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, Inc. has a 1 year low of $8.78 and a 1 year high of $11.62. The firm has a market cap of $1.69 billion, a PE ratio of 37.44 and a beta of 1.41.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The company had revenue of $199.60 million for the quarter. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Monday, December 16th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 51.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ESRT shares. StockNews.com lowered shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, November 2nd. Wells Fargo & Company raised their price objective on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets lifted their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Friday, November 15th.

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.