Vanguard Group Inc. Raises Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Vanguard Group Inc. lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,844,999 shares of the real estate investment trust's stock after buying an additional 461,421 shares during the period. Vanguard Group Inc. owned 11.90% of Empire State Realty Trust worth $204,800,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vestcor Inc lifted its stake in shares of Empire State Realty Trust by 308.6% during the 3rd quarter. Vestcor Inc now owns 125,231 shares of the real estate investment trust's stock worth $1,388,000 after purchasing an additional 94,582 shares during the period. JPMorgan Chase & Co. lifted its position in Empire State Realty Trust by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust's stock worth $17,905,000 after buying an additional 98,850 shares during the period. Wolverine Asset Management LLC boosted its stake in Empire State Realty Trust by 143.8% in the 4th quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust's stock worth $2,711,000 after buying an additional 154,920 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Empire State Realty Trust by 95.4% during the 3rd quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust's stock valued at $2,533,000 after acquiring an additional 111,589 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Empire State Realty Trust by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust's stock worth $38,394,000 after acquiring an additional 90,758 shares during the period. Institutional investors and hedge funds own 67.10% of the company's stock.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 5,779 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.03, for a total transaction of $46,405.37. Following the transaction, the executive vice president now directly owns 56,028 shares of the company's stock, valued at approximately $449,904.84. The trade was a 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 30,122 shares of company stock worth $242,761 over the last quarter. 13.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities 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 report on Thursday, April 3rd. Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research note on Tuesday, March 25th.

Empire State Realty Trust Trading Down 5.0 %

Shares of NYSE:ESRT traded down $0.37 during trading on Thursday, reaching $6.87. 2,121,246 shares of the stock were exchanged, compared to its average volume of 1,194,597. Empire State Realty Trust, Inc. has a 12-month low of $6.56 and a 12-month high of $11.62. The firm's 50-day moving average price is $8.37 and its 200 day moving average price is $9.79. 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 market cap of $1.15 billion, a price-to-earnings ratio of 24.52 and a beta of 1.39.

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 (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%. On average, sell-side analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, March 14th. Empire State Realty Trust's dividend payout ratio (DPR) 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.