Vanderbilt University Sells 1,274 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Vanderbilt University lowered its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,882 shares of the real estate investment trust’s stock after selling 1,274 shares during the quarter. Vanderbilt University’s holdings in Empire State Realty Trust were worth $276,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ESRT. Lighthouse Investment Partners LLC acquired a new position in Empire State Realty Trust in the 2nd quarter valued at approximately $7,926,000. 1832 Asset Management L.P. bought a new position in shares of Empire State Realty Trust during the 2nd quarter worth about $4,573,000. Jupiter Asset Management Ltd. acquired a new stake in Empire State Realty Trust during the first quarter valued at approximately $2,896,000. Vanguard Group Inc. boosted its stake in Empire State Realty Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 19,287,935 shares of the real estate investment trust’s stock valued at $195,387,000 after buying an additional 175,718 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Empire State Realty Trust by 142.5% during the second quarter. Renaissance Technologies LLC now owns 255,400 shares of the real estate investment trust’s stock worth $2,396,000 after acquiring an additional 150,100 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Price Performance

Shares of ESRT traded up $0.08 during mid-day trading on Monday, hitting $10.98. 74,300 shares of the company traded hands, compared to its average volume of 1,124,645. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 36.33 and a beta of 1.40. The business has a 50-day moving average of $10.79 and a 200 day moving average of $10.05. Empire State Realty Trust, Inc. has a one year low of $7.97 and a one year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The firm had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.74%. During the same quarter last year, the firm earned $0.25 EPS. As a group, equities analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.28%. Empire State Realty Trust’s payout ratio is 46.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped 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 report on Wednesday, September 11th. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday. Finally, BMO Capital Markets increased their price target on Empire State Realty Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th.

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.