Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,677,422 shares of the real estate investment trust's stock after selling 81,447 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.21% of Empire State Realty Trust worth $37,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ESRT. Vision Capital Corp boosted its stake in Empire State Realty Trust by 79.9% in 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 acquiring an additional 1,245,211 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 buying an additional 875,836 shares in the last quarter. Barclays PLC raised its stake in Empire State Realty Trust by 133.2% in the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock valued at $3,374,000 after buying an additional 173,965 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings 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 in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Empire State Realty Trust by 95.4% during 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. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 86,807 shares of the company's stock, valued at $876,750.70. The trade was a 10.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.95% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd.

Empire State Realty Trust Stock Performance

ESRT stock traded down $0.06 during midday trading on Wednesday, reaching $8.11. The stock had a trading volume of 998,593 shares, compared to its average volume of 1,300,525. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $10.19. The stock has a market cap of $1.36 billion, a PE ratio of 28.95 and a beta of 1.39. Empire State Realty Trust, Inc. has a 52-week low of $7.88 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.19. The firm had revenue of $155.13 million for 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%. As a group, equities research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.73%. Empire State Realty Trust's payout ratio is currently 50.00%.

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.