Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 22.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,771 shares of the real estate investment trust’s stock after buying an additional 8,346 shares during the quarter. Inspire Investing LLC’s holdings in Empire State Realty Trust were worth $472,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Empire State Realty Trust by 4.8% in 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 buying an additional 171,056 shares during the period. Geode Capital Management LLC increased its stake in Empire State Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,406,925 shares of the real estate investment trust’s stock valued at $37,756,000 after buying an additional 38,529 shares during the period. Vision Capital Corp increased its stake 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 valued at $31,057,000 after buying an additional 1,245,211 shares during the period. JPMorgan Chase & Co. increased its stake in Empire State Realty Trust by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust’s stock valued at $17,905,000 after buying an additional 98,850 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $12,180,000 after buying an additional 875,836 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas P. Durels sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total value of $101,000.00. Following the sale, the executive vice president now directly owns 86,807 shares in the company, valued at $876,750.70. The trade was a 10.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ESRT. BMO Capital Markets boosted their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $9.61 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 35.58 and a beta of 1.41. Empire State Realty Trust, Inc. has a one year low of $8.78 and a one year high of $11.62. The company’s fifty day moving average is $10.41 and its two-hundred day moving average is $10.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.035 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.46%. Empire State Realty Trust’s dividend payout ratio is presently 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.