Ballentine Partners LLC Buys 2,668 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Ballentine Partners LLC boosted its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,349 shares of the real estate investment trust’s stock after purchasing an additional 2,668 shares during the period. Ballentine Partners LLC’s holdings in Empire State Realty Trust were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in shares of Empire State Realty Trust by 142.5% during the 2nd quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock valued at $2,396,000 after buying an additional 150,100 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Empire State Realty Trust during the second quarter valued at $137,000. Hsbc Holdings PLC lifted its holdings in Empire State Realty Trust by 19.6% in the second quarter. Hsbc Holdings PLC now owns 115,639 shares of the real estate investment trust’s stock valued at $1,081,000 after acquiring an additional 18,930 shares during the period. XTX Topco Ltd boosted its position in Empire State Realty Trust by 129.5% in the second quarter. XTX Topco Ltd now owns 24,752 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 13,967 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Empire State Realty Trust by 4.0% during the 2nd quarter. Sei Investments Co. now owns 49,131 shares of the real estate investment trust’s stock valued at $461,000 after purchasing an additional 1,882 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Down 0.4 %

NYSE ESRT opened at $9.61 on Monday. Empire State Realty Trust, Inc. has a 52 week low of $8.78 and a 52 week high of $11.62. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.60 billion, a P/E ratio of 35.58 and a beta of 1.41. The stock’s 50-day moving average price is $10.41 and its 200-day moving average price is $10.59.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is currently 51.85%.

Insiders Place Their Bets

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total transaction of $101,000.00. Following the sale, the executive vice president now directly owns 86,807 shares of the company’s stock, valued at $876,750.70. This trade represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ESRT shares. BMO Capital Markets raised their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday.

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.