Federated Hermes Inc. decreased its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,832 shares of the real estate investment trust's stock after selling 38,570 shares during the period. Federated Hermes Inc. owned approximately 0.21% of Empire State Realty Trust worth $3,548,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ESRT. Versor Investments LP bought a new stake in shares of Empire State Realty Trust during the 4th quarter valued at about $105,000. Inspire Advisors LLC bought a new stake in shares of Empire State Realty Trust in the 4th quarter valued at $125,000. Cibc World Markets Corp acquired a new position in shares of Empire State Realty Trust during the 4th quarter valued at $132,000. Longboard Asset Management LP acquired a new stake in Empire State Realty Trust in the fourth quarter worth $137,000. Finally, Ballentine Partners LLC raised its holdings in shares of Empire State Realty Trust by 22.8% during the fourth quarter. Ballentine Partners LLC now owns 14,349 shares of the real estate investment trust's stock valued at $148,000 after purchasing an additional 2,668 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Empire State Realty Trust
In other news, EVP Thomas P. Durels sold 11,843 shares of Empire State Realty Trust stock in a transaction on Monday, March 24th. The stock was sold at an average price of $8.02, for a total transaction of $94,980.86. Following the sale, the executive vice president now directly owns 44,185 shares in the company, valued at $354,363.70. The trade was a 21.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 30,122 shares of company stock worth $242,761 in the last 90 days. Insiders own 14.60% of the company's stock.
Empire State Realty Trust Stock Up 0.9 %
Shares of Empire State Realty Trust stock traded up $0.07 on Friday, hitting $7.12. The company had a trading volume of 1,421,289 shares, compared to its average volume of 1,197,559. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. 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 stock has a 50 day moving average of $8.11 and a 200-day moving average of $9.66. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 25.41 and a beta of 1.39.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) 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 the consensus estimate 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, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.035 per share. The ex-dividend date was Friday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.97%. Empire State Realty Trust's dividend payout ratio is currently 50.00%.
Wall Street Analyst Weigh In
ESRT has been the topic of a number of research reports. StockNews.com raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. Finally, Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price target for the company in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.
Read Our Latest Report on ESRT
Empire State Realty Trust Profile
(
Free Report)
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.
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