Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Sells $101,375.00 in Stock

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) EVP Thomas P. Durels sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 directly owns 74,307 shares of the company's stock, valued at $602,629.77. The trade was a 14.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock traded down $0.01 on Tuesday, reaching $7.98. The company's stock had a trading volume of 1,367,254 shares, compared to its average volume of 1,114,620. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.34 billion, a P/E ratio of 28.50 and a beta of 1.39. The stock has a 50-day moving average price of $9.00 and a 200-day moving average price of $10.12. 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 issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.05 by $0.19. The company 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%. Analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

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Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, March 14th. Empire State Realty Trust's dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ESRT. Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a report on Tuesday. StockNews.com cut shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Empire State Realty Trust

Institutional investors have recently bought and sold shares of the company. Employees Retirement System of Texas boosted its stake in shares of Empire State Realty Trust by 81.6% in the fourth quarter. Employees Retirement System of Texas now owns 512,000 shares of the real estate investment trust's stock worth $5,284,000 after acquiring an additional 230,000 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Empire State Realty Trust in the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in Empire State Realty Trust during the 4th quarter worth $103,000. Two Sigma Advisers LP grew its holdings in shares of Empire State Realty Trust by 604.8% during the fourth quarter. Two Sigma Advisers LP now owns 132,500 shares of the real estate investment trust's stock worth $1,367,000 after buying an additional 113,700 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Empire State Realty Trust by 650.7% in the fourth quarter. Two Sigma Investments LP now owns 185,596 shares of the real estate investment trust's stock valued at $1,915,000 after buying an additional 160,872 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

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.