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Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Sells $101,000.00 in Stock

Empire State Realty Trust logo with Finance background

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) EVP Thomas P. Durels sold 10,000 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Empire State Realty Trust Stock Down 1.9 %

Shares of Empire State Realty Trust stock traded down $0.20 during trading hours on Friday, hitting $10.19. The company had a trading volume of 695,132 shares, compared to its average volume of 1,122,430. The company's 50-day moving average is $10.82 and its two-hundred day moving average is $10.49. Empire State Realty Trust, Inc. has a twelve month low of $8.78 and a twelve month high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market cap of $1.70 billion, a P/E ratio of 37.74 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The firm had revenue of $199.60 million for the quarter. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Monday, December 16th. Empire State Realty Trust's dividend payout ratio is currently 51.85%.

Institutional Investors Weigh In On Empire State Realty Trust

Several large investors have recently modified their holdings of ESRT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Empire State Realty Trust in the 3rd quarter valued at $25,000. Signaturefd LLC increased its stake in Empire State Realty Trust by 81.6% in the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,524 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 4,332 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust's stock worth $59,000 after buying an additional 1,419 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Empire State Realty Trust during the third quarter worth about $115,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESRT has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 11th. BMO Capital Markets lifted their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Finally, StockNews.com downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, November 2nd.

Get Our Latest Analysis on ESRT

About Empire State Realty Trust

(Get 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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