13,244 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Purchased by Longboard Asset Management LP

Longboard Asset Management LP bought a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,244 shares of the real estate investment trust’s stock, valued at approximately $137,000.

Other large investors also recently added to or reduced their stakes in the company. Vision Capital Corp lifted its holdings in shares of Empire State Realty Trust by 79.9% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Empire State Realty Trust by 392.0% in the 3rd 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 worth $12,180,000 after purchasing an additional 875,836 shares in the last quarter. Barclays PLC boosted its holdings in shares of Empire State Realty Trust by 133.2% during the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock valued at $3,374,000 after purchasing an additional 173,965 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Empire State Realty Trust by 4.8% during 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 purchasing an additional 171,056 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Empire State Realty Trust by 95.4% during the third quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock valued at $2,533,000 after purchasing an additional 111,589 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the completion of the sale, the executive vice president now directly owns 86,807 shares in the company, valued at $876,750.70. This trade represents a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 14.01% of the company’s stock.

Wall Street Analysts Forecast Growth

ESRT has been the subject of a number of research reports. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Empire State Realty Trust Stock Up 0.4 %

Shares of NYSE ESRT opened at $9.53 on Wednesday. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 12-month low of $8.78 and a 12-month high of $11.62. The firm’s 50-day moving average price is $10.20 and its 200-day moving average price is $10.54. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 35.28 and a beta of 1.40.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s payout ratio is 51.85%.

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.