Greenland Capital Management LP Has $1.39 Million Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

Greenland Capital Management LP lowered its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 32.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 134,183 shares of the real estate investment trust’s stock after selling 65,817 shares during the period. Greenland Capital Management LP’s holdings in Empire State Realty Trust were worth $1,385,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in 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 valued at $315,000 after buying an additional 1,231 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Empire State Realty Trust by 2.7% during the 4th quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 1,722 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Empire State Realty Trust during the third quarter valued at approximately $25,000. Vert Asset Management LLC boosted its holdings in Empire State Realty Trust by 4.5% during the fourth quarter. Vert Asset Management LLC now owns 55,749 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Empire State Realty Trust by 22.8% during the fourth quarter. Ballentine Partners LLC now owns 14,349 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,668 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Trading Down 2.4 %

NYSE:ESRT opened at $7.03 on Tuesday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 25.12 and a beta of 1.39. Empire State Realty Trust, Inc. has a 52 week low of $6.72 and a 52 week high of $11.62. The company has a fifty day moving average of $8.61 and a 200 day moving average of $9.92. 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 (NYSE:ESRT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. The company had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, March 14th. Empire State Realty Trust’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Wolfe Research upgraded shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Tuesday, March 25th.

Insider Buying and Selling at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 12,500 shares of the firm’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 value of $101,375.00. Following the transaction, the executive vice president now owns 74,307 shares of the company’s stock, valued at approximately $602,629.77. This trade represents a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 30,122 shares of company stock worth $242,761. Company insiders own 13.95% of the company’s stock.

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.