Thomas P. Durels Sells 11,843 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) Stock

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 11,843 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.02, for a total transaction of $94,980.86. Following the completion of the sale, the executive vice president now owns 44,185 shares of the company’s stock, valued at approximately $354,363.70. The trade was a 21.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Empire State Realty Trust Trading Down 0.1 %

Shares of ESRT stock traded down $0.01 during mid-day trading on Tuesday, reaching $7.98. The company’s stock had a trading volume of 1,367,254 shares, compared to its average volume of 1,114,620. The company’s 50 day simple moving average is $9.00 and its 200-day simple moving average is $10.12. 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, Inc. has a 12-month low of $7.88 and a 12-month high of $11.62. The firm has a market capitalization of $1.34 billion, a PE ratio of 28.50 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last released 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. 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 analyst estimates of $192.62 million. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.88 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 Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 50.00%.

Institutional Trading of Empire State Realty Trust

Several large investors have recently bought and sold shares of ESRT. Ameriprise Financial Inc. lifted its position in shares of Empire State Realty Trust by 42.4% during the fourth quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust’s stock worth $95,306,000 after purchasing an additional 2,750,045 shares in the last quarter. Vision Capital Corp lifted 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 worth $31,057,000 after buying an additional 1,245,211 shares in the last quarter. Waterfront Capital Partners LLC purchased a new position in Empire State Realty Trust in the 4th quarter valued at about $11,048,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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. Finally, Northern Trust Corp increased its position in shares of Empire State Realty Trust by 42.1% during the fourth quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust’s stock worth $26,835,000 after acquiring an additional 771,017 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ESRT shares. Wolfe Research upgraded 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 report on Tuesday. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th.

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.