Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 86.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,016 shares of the real estate investment trust’s stock after buying an additional 20,470 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Empire State Realty Trust were worth $454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Empire State Realty Trust during the 3rd quarter worth approximately $25,000. Loomis Sayles & Co. L P boosted its stake in shares of Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 4,332 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Empire State Realty Trust during the fourth quarter worth approximately $105,000. Quadrature Capital Ltd acquired a new stake in Empire State Realty Trust during the 3rd quarter worth $115,000. Finally, Inspire Advisors LLC acquired a new stake in Empire State Realty Trust during the 4th quarter worth $125,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wolfe Research raised shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Tuesday. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th.

Insider Activity

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 12,500 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $8.11, for a total transaction of $101,375.00. Following the transaction, the executive vice president now directly owns 74,307 shares of the company’s stock, valued at approximately $602,629.77. This trade represents a 14.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 30,122 shares of company stock valued at $242,761. 13.95% of the stock is currently owned by company insiders.

Empire State Realty Trust Stock Down 1.4 %

Shares of NYSE:ESRT opened at $7.93 on Friday. Empire State Realty Trust, Inc. has a 52-week low of $7.88 and a 52-week high of $11.62. The stock has a market cap of $1.33 billion, a P/E ratio of 28.34 and a beta of 1.39. The business has a fifty day moving average of $8.90 and a two-hundred day moving average of $10.08. 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 released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.19. The firm 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%. On average, research analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio is currently 50.00%.

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.