Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Sells $101,375.00 in Stock

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 12,500 shares of the business’s stock in a transaction that occurred 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 represents a 14.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Empire State Realty Trust Price Performance

Empire State Realty Trust stock traded down $0.25 during mid-day trading on Friday, hitting $7.96. 2,066,114 shares of the company traded hands, compared to its average volume of 1,114,664. Empire State Realty Trust, Inc. has a one year low of $7.88 and a one year high of $11.62. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 28.41 and a beta of 1.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a fifty day moving average price of $9.06 and a 200-day moving average price of $10.17.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to analyst estimates 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, equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

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

Institutional Investors Weigh In On Empire State Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. lifted its holdings in shares of Empire State Realty Trust by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,131 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Empire State Realty Trust by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,231 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Empire State Realty Trust by 2.7% in the fourth quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 1,722 shares during the period. MetLife Investment Management LLC increased its stake in shares of Empire State Realty Trust by 2.3% in the fourth quarter. MetLife Investment Management LLC now owns 83,357 shares of the real estate investment trust’s stock worth $860,000 after buying an additional 1,855 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Empire State Realty Trust in the third quarter worth $25,000. 67.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.