Jane Street Group LLC Raises Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Jane Street Group LLC grew its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 95.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,587 shares of the real estate investment trust's stock after acquiring an additional 111,589 shares during the quarter. Jane Street Group LLC owned about 0.14% of Empire State Realty Trust worth $2,533,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Empire State Realty Trust in the third quarter worth $25,000. Signaturefd LLC boosted its position 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 worth $38,000 after purchasing an additional 1,524 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Empire State Realty Trust by 3,139.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 4,332 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Empire State Realty Trust in the 3rd quarter worth approximately $115,000. Hedge funds and other institutional investors own 67.10% of the company's stock.

Insider Activity at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 3,193 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total transaction of $34,803.70. Following the sale, the executive vice president now owns 96,807 shares of the company's stock, valued at $1,055,196.30. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.01% of the stock is owned by corporate insiders.

Empire State Realty Trust Price Performance

NYSE:ESRT traded down $0.08 on Monday, reaching $10.07. 1,296,369 shares of the company's stock traded hands, compared to its average volume of 1,126,003. The stock has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.49. Empire State Realty Trust, Inc. has a 12 month low of $8.78 and a 12 month high of $11.62. The firm has a market cap of $1.68 billion, a PE ratio of 37.30 and a beta of 1.41. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $199.60 million during the quarter. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, December 16th. Empire State Realty Trust's payout ratio is presently 51.85%.

Analyst Upgrades and Downgrades

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

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.