12,127 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Acquired by Inspire Advisors LLC

Inspire Advisors LLC purchased a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,127 shares of the real estate investment trust’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Empire State Realty Trust by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 98,013 shares of the real estate investment trust’s stock valued at $1,086,000 after acquiring an additional 3,141 shares during the period. GSA Capital Partners LLP purchased a new stake in Empire State Realty Trust during the 3rd quarter valued at about $256,000. Victory Capital Management Inc. increased its holdings in shares of Empire State Realty Trust by 7.3% in the third quarter. Victory Capital Management Inc. now owns 262,687 shares of the real estate investment trust’s stock valued at $2,911,000 after purchasing an additional 17,777 shares during the period. Metis Global Partners LLC raised its stake in shares of Empire State Realty Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 14,265 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 3,987 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of Empire State Realty Trust during the third quarter worth about $844,000. Hedge funds and other 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 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 86,807 shares of the company’s stock, valued at approximately $876,750.70. This trade represents a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target 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. StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $7.99 on Friday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 28.52 and a beta of 1.39. The stock has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $10.27. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust, Inc. has a fifty-two week low of $7.88 and a fifty-two week high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. The company had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.75%. Empire State Realty Trust’s dividend payout ratio is presently 50.00%.

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.