Fox Run Management L.L.C. Buys Shares of 28,489 Empire State Realty Trust, Inc. (NYSE:ESRT)

Fox Run Management L.L.C. bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,489 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other institutional investors have also made changes to their positions in ESRT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 purchasing an additional 875,836 shares during the period. Barclays PLC lifted its stake in Empire State Realty Trust by 133.2% during the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock worth $3,374,000 after purchasing an additional 173,965 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Empire State Realty Trust by 4.8% during the 3rd 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. Wolverine Asset Management LLC grew its holdings in shares of Empire State Realty Trust by 143.8% in the fourth quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust’s stock valued at $2,711,000 after purchasing an additional 154,920 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Empire State Realty Trust by 95.4% during the 3rd quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock worth $2,533,000 after buying an additional 111,589 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ESRT has been the topic of several analyst reports. Wolfe Research upgraded 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 note on Tuesday. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th.

Empire State Realty Trust Trading Down 1.4 %

NYSE:ESRT opened at $7.93 on Friday. 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 1 year low of $7.88 and a 1 year high of $11.62. The stock has a market cap of $1.33 billion, a P/E ratio of 28.34 and a beta of 1.39. The stock has a 50-day simple moving average of $8.90 and a 200-day simple moving average of $10.08.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate 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 company had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million. As a group, analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust’s payout ratio is currently 50.00%.

Insider Activity

In other news, EVP Thomas P. Durels sold 11,843 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.02, for a total transaction of $94,980.86. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,122 shares of company stock valued at $242,761 in the last ninety days. 13.95% of the stock is currently owned by company insiders.

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.