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

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 3,193 shares of Empire State Realty Trust 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 directly owns 96,807 shares in the company, valued at $1,055,196.30. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Empire State Realty Trust Price Performance

Empire State Realty Trust stock opened at $10.15 on Friday. The company has a fifty day simple moving average of $10.93 and a 200-day simple moving average of $10.46. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 37.59 and a beta of 1.40. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 52-week low of $8.78 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data 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). Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. The business had revenue of $199.60 million for the quarter. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given 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 1.38%. Empire State Realty Trust’s payout ratio is 51.85%.

Hedge Funds Weigh In On Empire State Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Empire State Realty Trust during the 3rd quarter valued at about $25,000. Signaturefd LLC boosted its holdings in Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,524 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Empire State Realty Trust by 3,139.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 4,332 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,419 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at approximately $115,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ESRT shares. Wells Fargo & Company lifted their target price 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. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, BMO Capital Markets increased their target price 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.

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.