Empire State Realty Trust, Inc. (NYSE:ESRT) Stake Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 40.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,161 shares of the real estate investment trust’s stock after selling 105,526 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Empire State Realty Trust worth $1,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Empire State Realty Trust in the third quarter worth about $25,000. Loomis Sayles & Co. L P raised its holdings in Empire State Realty Trust by 3,139.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 4,332 shares during the period. Versor Investments LP acquired a new stake in Empire State Realty Trust during the 4th quarter worth about $105,000. Quadrature Capital Ltd acquired a new stake in Empire State Realty Trust during the 3rd quarter worth about $115,000. Finally, Longboard Asset Management LP acquired a new stake in Empire State Realty Trust during the 4th quarter worth about $137,000. 67.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust 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 transaction, the executive vice president now owns 86,807 shares of the company’s stock, valued at $876,750.70. The trade was a 10.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 13.95% of the company’s stock.

Empire State Realty Trust Price Performance

NYSE ESRT opened at $8.15 on Wednesday. The stock’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $10.19. 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 company has a market cap of $1.37 billion, a PE ratio of 29.12 and a beta of 1.39. Empire State Realty Trust, Inc. has a 1 year low of $7.88 and a 1 year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The company had revenue of $155.13 million for the quarter, compared to analysts’ expectations of $192.62 million. On average, analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.72%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 50.00%.

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.