O Shaughnessy Asset Management LLC cut its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 19.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 208,900 shares of the real estate investment trust's stock after selling 49,099 shares during the period. O Shaughnessy Asset Management LLC owned about 0.13% of Empire State Realty Trust worth $2,156,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Empire State Realty Trust in the 3rd quarter valued at about $25,000. Versor Investments LP bought a new stake in Empire State Realty Trust in the 4th quarter valued at about $105,000. Quadrature Capital Ltd bought a new stake in Empire State Realty Trust in the 3rd quarter valued at about $115,000. Inspire Advisors LLC bought a new stake in Empire State Realty Trust in the 4th quarter valued at about $125,000. Finally, Cibc World Markets Corp bought a new stake in Empire State Realty Trust in the 4th quarter valued at about $132,000. 67.10% of the stock is owned by institutional investors and hedge funds.
Empire State Realty Trust Price Performance
Shares of ESRT traded down $0.46 during mid-day trading on Thursday, hitting $6.78. The company's stock had a trading volume of 260,183 shares, compared to its average volume of 1,186,935. The firm has a 50-day moving average price of $8.42 and a 200 day moving average price of $9.82. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.16 and a beta of 1.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.62.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.19. The business 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%. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.
Empire State Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, March 14th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 50.00%.
Insider Buying and Selling at Empire State Realty Trust
In other Empire State Realty Trust news, EVP Thomas P. Durels sold 11,843 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $8.02, for a total value of $94,980.86. Following the sale, the executive vice president now owns 44,185 shares of the company's stock, valued at $354,363.70. The trade was a 21.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 30,122 shares of company stock worth $242,761 over the last ninety days. 13.95% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Wolfe Research upgraded shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research report on Tuesday, March 25th.
Check Out Our Latest Stock Analysis 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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