Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,165 shares of the real estate investment trust’s stock after acquiring an additional 5,287 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.09% of Empire State Realty Trust worth $1,570,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Empire State Realty Trust by 2.7% in the 4th quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 1,722 shares during the period. Longboard Asset Management LP acquired a new position in shares of Empire State Realty Trust in the 4th quarter valued at $137,000. abrdn plc boosted its position in shares of Empire State Realty Trust by 36.6% in the 4th quarter. abrdn plc now owns 39,604 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 10,608 shares during the period. Jennison Associates LLC acquired a new position in shares of Empire State Realty Trust in the 4th quarter valued at $791,000. Finally, Custom Index Systems LLC boosted its position in shares of Empire State Realty Trust by 17.3% in the 4th quarter. Custom Index Systems LLC now owns 19,292 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 2,845 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their price target on 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.

Empire State Realty Trust Trading Down 0.6 %

Shares of NYSE ESRT opened at $9.11 on Friday. Empire State Realty Trust, Inc. has a one year low of $8.78 and a one year high of $11.62. The firm has a market capitalization of $1.52 billion, a PE ratio of 33.73 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 has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $10.47.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.54%. Empire State Realty Trust’s payout ratio is presently 51.85%.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 3,193 shares of Empire State Realty Trust 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 sale, the executive vice president now directly owns 96,807 shares in the company, valued at $1,055,196.30. The trade was a 3.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.95% of the company’s stock.

About Empire State Realty Trust

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.