Segall Bryant & Hamill LLC Decreases Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Segall Bryant & Hamill LLC lowered its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 995,113 shares of the real estate investment trust’s stock after selling 7,321 shares during the period. Segall Bryant & Hamill LLC owned about 0.60% of Empire State Realty Trust worth $10,270,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new stake in Empire State Realty Trust in the 3rd quarter worth approximately $844,000. Intech Investment Management LLC bought a new position in shares of Empire State Realty Trust during the third quarter valued at approximately $385,000. Charles Schwab Investment Management Inc. lifted its stake 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 worth $41,648,000 after acquiring an additional 171,056 shares during the period. Algert Global LLC boosted its holdings in Empire State Realty Trust by 42.0% in the third quarter. Algert Global LLC now owns 58,047 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 17,160 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Empire State Realty Trust by 6.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 44,950 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 2,717 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Insider Transactions at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 11,843 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.02, for a total value of $94,980.86. Following the transaction, the executive vice president now owns 44,185 shares in the company, valued at approximately $354,363.70. This represents a 21.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 30,122 shares of company stock valued at $242,761. Insiders own 13.95% of the company’s stock.

Analyst Upgrades and Downgrades

ESRT has been the subject of several research analyst reports. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Tuesday.

Empire State Realty Trust Stock Up 1.1 %

NYSE:ESRT opened at $8.04 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The firm’s 50-day moving average price is $8.94 and its 200-day moving average price is $10.09. The company has a market capitalization of $1.35 billion, a PE ratio of 28.70 and a beta of 1.39. Empire State Realty Trust, Inc. has a 1-year low of $7.88 and a 1-year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. The business had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. On average, equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 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.