Asset Management One Co. Ltd. Sells 2,009 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Asset Management One Co. Ltd. reduced its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,715 shares of the real estate investment trust’s stock after selling 2,009 shares during the period. Asset Management One Co. Ltd. owned about 0.13% of Empire State Realty Trust worth $2,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESRT. BNP Paribas Financial Markets grew its stake in shares of Empire State Realty Trust by 4.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Empire State Realty Trust by 35.5% in the 3rd 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 buying an additional 1,419 shares during the period. Signaturefd LLC raised its holdings in shares of Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,524 shares in the last quarter. State of Alaska Department of Revenue raised its holdings 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 in the last quarter. Finally, Creative Planning raised its stake in shares of Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 2,145 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $9.01 on Thursday. 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 company has a fifty day moving average of $9.82 and a two-hundred day moving average of $10.43. The stock has a market capitalization of $1.50 billion, a PE ratio of 33.35 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.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. As a group, research 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 disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s payout ratio is currently 51.85%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ESRT shares. BMO Capital Markets boosted 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 research note on Friday, November 15th. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

Insider Buying and Selling

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.95% of the stock is owned by company insiders.

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.