Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,406,925 shares of the real estate investment trust’s stock after buying an additional 38,529 shares during the period. Geode Capital Management LLC owned approximately 2.05% of Empire State Realty Trust worth $37,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESRT. Charles Schwab Investment Management Inc. raised its stake 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 valued at $41,648,000 after acquiring an additional 171,056 shares during the period. Vision Capital Corp increased its holdings in Empire State Realty Trust by 79.9% in the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after purchasing an additional 1,245,211 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Empire State Realty Trust by 392.0% in 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 purchasing an additional 875,836 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Empire State Realty Trust by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 848,486 shares of the real estate investment trust’s stock worth $7,959,000 after purchasing an additional 37,370 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Empire State Realty Trust during the second quarter worth about $7,926,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ESRT shares. BMO Capital Markets raised their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the company 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 Saturday, November 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Empire State Realty Trust Stock Up 0.4 %

Shares of Empire State Realty Trust stock opened at $10.11 on Wednesday. Empire State Realty Trust, Inc. has a 1-year low of $8.78 and a 1-year high of $11.62. The company has a market capitalization of $1.69 billion, a PE ratio of 37.44 and a beta of 1.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The business has a 50-day moving average of $10.87 and a 200-day moving average of $10.49.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. The business had revenue of $199.60 million for the quarter. During the same period in the previous year, the business posted $0.25 EPS. As a group, equities analysts forecast that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.38%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 51.85%.

Insider Activity at Empire State Realty Trust

In related 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 value of $34,803.70. Following the completion of the transaction, the executive vice president now directly owns 96,807 shares in the company, valued at approximately $1,055,196.30. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.01% of the stock is currently owned by corporate insiders.

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.