Jane Street Group LLC Acquires 111,589 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Jane Street Group LLC lifted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 95.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,587 shares of the real estate investment trust’s stock after buying an additional 111,589 shares during the period. Jane Street Group LLC owned approximately 0.14% of Empire State Realty Trust worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ESRT. Lighthouse Investment Partners LLC bought a new position in Empire State Realty Trust in the 2nd quarter valued at about $7,926,000. Vision Capital Corp boosted its position in shares of Empire State Realty Trust by 79.9% during the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock worth $31,057,000 after acquiring an additional 1,245,211 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter worth approximately $256,000. 1832 Asset Management L.P. bought a new position in Empire State Realty Trust in the second quarter valued at approximately $4,573,000. Finally, Victory Capital Management Inc. raised its position in Empire State Realty Trust by 7.3% during 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 in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

ESRT has been the topic of a number of research analyst reports. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. BMO Capital Markets raised their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on 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.

Insider Activity

In related news, EVP Thomas P. Durels sold 3,193 shares of Empire State Realty Trust stock in a transaction that occurred 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 sale, the executive vice president now directly owns 96,807 shares in the company, valued at $1,055,196.30. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.95% of the stock is currently owned by insiders.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock opened at $10.15 on Monday. The company’s 50 day moving average price is $10.91 and its two-hundred day moving average price is $10.48. The firm has a market capitalization of $1.69 billion, a P/E ratio of 37.59 and a beta of 1.40. Empire State Realty Trust, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share 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 firm had revenue of $199.60 million for the quarter. During the same quarter last year, the business posted $0.25 earnings per share. On average, equities analysts forecast that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

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.