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

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total value of $101,000.00. Following the sale, the executive vice president now owns 86,807 shares of the company’s stock, valued at approximately $876,750.70. This represents a 10.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT opened at $10.19 on Monday. 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 stock has a market cap of $1.70 billion, a PE ratio of 37.74 and a beta of 1.40. The stock’s fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $10.51. Empire State Realty Trust, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. The firm had revenue of $199.60 million for the quarter. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, analysts forecast 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 issued a dividend of $0.035 per share. The ex-dividend date is Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Analyst Ratings Changes

Several analysts recently issued reports on ESRT shares. BMO Capital Markets lifted their price target 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. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. Finally, Wells Fargo & Company raised their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its position in shares of Empire State Realty Trust by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 38,808 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,083 shares during the period. Van ECK Associates Corp increased its stake in shares of Empire State Realty Trust by 5.4% in the second quarter. Van ECK Associates Corp now owns 23,718 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 1,221 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Empire State Realty Trust by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 1,231 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 buying an additional 1,419 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Empire State Realty Trust by 0.4% during the 2nd quarter. Federated Hermes Inc. now owns 343,637 shares of the real estate investment trust’s stock valued at $3,223,000 after acquiring an additional 1,428 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

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.