Sanctuary Advisors LLC Buys Shares of 23,236 Empire State Realty Trust, Inc. (NYSE:ESRT)

Sanctuary Advisors LLC purchased a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,236 shares of the real estate investment trust’s stock, valued at approximately $257,000.

A number of other hedge funds have also recently modified their holdings of ESRT. Arizona State Retirement System boosted its holdings in Empire State Realty Trust by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 38,808 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,083 shares during the last quarter. Van ECK Associates Corp grew its position in Empire State Realty Trust by 5.4% in the second quarter. Van ECK Associates Corp now owns 23,718 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 1,221 shares during the period. BNP Paribas Financial Markets increased its stake in Empire State Realty Trust by 4.5% during the third quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 1,231 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Empire State Realty Trust by 35.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,419 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Empire State Realty Trust by 0.4% in the 2nd quarter. Federated Hermes Inc. now owns 343,637 shares of the real estate investment trust’s stock valued at $3,223,000 after purchasing an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Down 1.9 %

Shares of NYSE ESRT opened at $10.19 on Friday. Empire State Realty Trust, Inc. has a 12-month low of $8.78 and a 12-month high of $11.62. The stock has a market cap of $1.70 billion, a P/E ratio of 37.74 and a beta of 1.40. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. The business’s fifty day simple moving average is $10.80 and its 200-day simple moving average is $10.50.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) 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 company had revenue of $199.60 million during the quarter. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities analysts predict that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is presently 51.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted 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. Finally, StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd.

Insider Buying and Selling at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 3,193 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total transaction of $34,803.70. Following the completion of the transaction, the executive vice president now directly owns 96,807 shares of the company’s stock, valued at approximately $1,055,196.30. This represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.95% of the company’s stock.

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.