Empire State Realty Trust, Inc. (NYSE:ESRT) Stock Position Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,842 shares of the real estate investment trust’s stock after acquiring an additional 15,400 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.11% of Empire State Realty Trust worth $1,908,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vestcor Inc lifted its holdings in Empire State Realty Trust by 308.6% in the third quarter. Vestcor Inc now owns 125,231 shares of the real estate investment trust’s stock worth $1,388,000 after acquiring an additional 94,582 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Empire State Realty Trust by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust’s stock worth $17,905,000 after purchasing an additional 98,850 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Empire State Realty Trust by 143.8% during the 4th 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 during the period. Jane Street Group LLC grew 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 last quarter. Finally, William Blair Investment Management LLC increased its position in Empire State Realty Trust by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust’s stock worth $38,394,000 after buying an additional 90,758 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Price Performance

Shares of ESRT opened at $7.85 on Thursday. Empire State Realty Trust, Inc. has a one year low of $7.68 and a one year high of $11.62. The stock’s fifty day moving average is $8.75 and its 200-day moving average is $10.01. 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 firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.04 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last released its 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. The firm had revenue of $155.13 million for the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. Equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, March 14th. Empire State Realty Trust’s payout ratio is currently 50.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on ESRT shares. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Tuesday, March 25th.

Insider Activity

In other news, EVP Thomas P. Durels sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $8.11, for a total transaction of $101,375.00. Following the completion of the transaction, the executive vice president now owns 74,307 shares in the company, valued at approximately $602,629.77. This trade represents a 14.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 30,122 shares of company stock worth $242,761. 14.01% of the stock is owned by company insiders.

Empire State Realty Trust Company 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.