Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,943,258 shares of the real estate investment trust's stock after selling 658,306 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 1.17% of Empire State Realty Trust worth $20,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ESRT. Vision Capital Corp boosted its stake in shares of Empire State Realty Trust by 79.9% during the third 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 during the period. 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 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 valued at $12,180,000 after purchasing an additional 875,836 shares during the period. Barclays PLC boosted its stake in shares of Empire State Realty Trust by 133.2% during the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock valued at $3,374,000 after purchasing an additional 173,965 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 worth $41,648,000 after acquiring an additional 171,056 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in Empire State Realty Trust by 143.8% in the fourth 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. 67.10% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the sale, the executive vice president now directly owns 86,807 shares of the company's stock, valued at approximately $876,750.70. This represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.95% of the company's stock.

Empire State Realty Trust Stock Up 0.3 %

NYSE:ESRT traded up $0.03 during mid-day trading on Friday, reaching $8.52. The company's stock had a trading volume of 1,322,477 shares, compared to its average volume of 1,331,699. Empire State Realty Trust, Inc. has a 1 year low of $8.40 and a 1 year high of $11.62. The stock has a fifty day moving average of $9.44 and a 200-day moving average of $10.32. The firm has a market capitalization of $1.43 billion, a PE ratio of 30.41 and a beta of 1.39. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to analyst estimates of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. Equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust's payout ratio is 50.00%.

Analyst Upgrades and Downgrades

ESRT has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd.

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.