Vert Asset Management LLC Has $575,000 Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

Vert Asset Management LLC raised its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,749 shares of the real estate investment trust’s stock after buying an additional 2,400 shares during the quarter. Vert Asset Management LLC’s holdings in Empire State Realty Trust were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vision Capital Corp increased its stake in Empire State Realty Trust by 79.9% in the third quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after acquiring an additional 1,245,211 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Empire State Realty Trust by 392.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock worth $12,180,000 after buying an additional 875,836 shares during the period. Barclays PLC boosted its stake in Empire State Realty Trust by 133.2% in the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock valued at $3,374,000 after buying an additional 173,965 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Empire State Realty Trust by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock valued at $41,648,000 after acquiring an additional 171,056 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Empire State Realty Trust by 142.5% during the second quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock worth $2,396,000 after acquiring an additional 150,100 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $9.58 on Tuesday. Empire State Realty Trust, Inc. has a 52 week low of $8.78 and a 52 week high of $11.62. The stock has a market capitalization of $1.60 billion, a PE ratio of 35.46 and a beta of 1.41. 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 stock’s fifty day moving average is $10.38 and its 200-day moving average is $10.59.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is currently 51.85%.

Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the transaction, the executive vice president now directly owns 86,807 shares in the company, valued at approximately $876,750.70. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.95% of the company’s stock.

Analyst Ratings Changes

ESRT has been the topic of several recent analyst reports. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 15th.

Empire State Realty Trust 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.