1,070,517 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Purchased by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC bought a new position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,070,517 shares of the real estate investment trust's stock, valued at approximately $11,048,000. Empire State Realty Trust comprises about 2.0% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 25th largest position. Waterfront Capital Partners LLC owned approximately 0.64% of Empire State Realty Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Empire State Realty Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust's stock worth $204,800,000 after acquiring an additional 461,421 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Empire State Realty Trust by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust's stock worth $38,394,000 after acquiring an additional 90,758 shares during the period. Geode Capital Management LLC lifted its stake in shares of Empire State Realty Trust by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust's stock worth $35,302,000 after acquiring an additional 13,045 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Empire State Realty Trust by 2.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,711,719 shares of the real estate investment trust's stock worth $17,665,000 after acquiring an additional 44,065 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Empire State Realty Trust by 5.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust's stock worth $17,642,000 after acquiring an additional 93,539 shares during the period. Institutional investors own 67.10% of the company's stock.

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 dated Monday, March 24th. The stock was sold at an average price of $8.02, for a total value of $94,980.86. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 30,122 shares of company stock worth $242,761 over the last 90 days. 14.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ESRT has been the subject of several recent research reports. Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research note on Tuesday, March 25th. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Finally, StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Empire State Realty Trust presently has an average rating of "Hold" and a consensus target price of $11.00.

Empire State Realty Trust Stock Up 1.0 %

Shares of ESRT stock traded up $0.07 on Monday, reaching $7.21. 1,113,978 shares of the company's stock traded hands, compared to its average volume of 1,196,016. Empire State Realty Trust, Inc. has a 12-month low of $6.56 and a 12-month 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 company has a market capitalization of $1.21 billion, a P/E ratio of 25.75 and a beta of 1.39. The business's 50 day moving average price is $7.83 and its two-hundred day moving average price is $9.46.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The firm had revenue of $155.13 million for the quarter, compared to the consensus estimate of $192.62 million. On average, equities 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 paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.94%. Empire State Realty Trust's dividend payout ratio (DPR) is currently 50.00%.

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.