Teacher Retirement System of Texas Purchases 5,961 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Teacher Retirement System of Texas raised its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,790 shares of the real estate investment trust’s stock after acquiring an additional 5,961 shares during the period. Teacher Retirement System of Texas’ holdings in Empire State Realty Trust were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ESRT. Charles Schwab Investment Management Inc. boosted its position in shares of Empire State Realty Trust by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after purchasing an additional 171,056 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Empire State Realty Trust by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust’s stock worth $38,394,000 after acquiring an additional 90,758 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Empire State Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock worth $37,756,000 after acquiring an additional 38,529 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Empire State Realty Trust by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust’s stock worth $17,905,000 after acquiring an additional 98,850 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Empire State Realty Trust by 392.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock valued at $12,180,000 after acquiring an additional 875,836 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ESRT has been the topic of several research analyst reports. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Tuesday, March 25th.

Empire State Realty Trust Trading Down 1.6 %

Empire State Realty Trust stock opened at $7.83 on Monday. The stock has a 50-day moving average price of $8.87 and a 200 day moving average price of $10.06. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 27.95 and a beta of 1.39. Empire State Realty Trust, Inc. has a 52 week low of $7.77 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.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. Sell-side analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust’s payout ratio is 50.00%.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 5,779 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.03, for a total transaction of $46,405.37. Following the sale, the executive vice president now owns 56,028 shares of the company’s stock, valued at $449,904.84. This trade represents a 9.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 30,122 shares of company stock valued at $242,761. Company 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.