Thomas P. Durels Sells 3,193 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) Stock

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) EVP Thomas P. Durels sold 3,193 shares of the 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 completion of the sale, the executive vice president now owns 96,807 shares of the company's stock, valued at approximately $1,055,196.30. This represents a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Empire State Realty Trust Stock Performance

Shares of NYSE:ESRT traded down $0.24 during trading on Thursday, reaching $10.06. 920,276 shares of the stock were exchanged, compared to its average volume of 1,121,260. Empire State Realty Trust, Inc. has a 12 month low of $8.78 and a 12 month high of $11.62. The stock has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.47. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. The firm has a market cap of $1.68 billion, a PE ratio of 37.26 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. During the same period in the previous year, the business earned $0.25 EPS. Research analysts expect that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm 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 $0.035 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.39%. Empire State Realty Trust's dividend payout ratio (DPR) is presently 51.85%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ESRT shares. Wells Fargo & Company lifted their price target on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Wednesday, September 11th. BMO Capital Markets raised their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Finally, StockNews.com downgraded shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, November 2nd.

Institutional Trading of Empire State Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Empire State Realty Trust during the 3rd quarter worth approximately $25,000. Signaturefd LLC grew its position in Empire State Realty Trust by 81.6% during the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust's stock worth $38,000 after buying an additional 1,524 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in 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 worth $50,000 after acquiring an additional 4,332 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Empire State Realty Trust by 35.5% in 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 acquiring an additional 1,419 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Empire State Realty Trust Company 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.

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