209,012 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 209,012 shares of the real estate investment trust’s stock, valued at approximately $2,157,000. ExodusPoint Capital Management LP owned approximately 0.13% of Empire State Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of ESRT. Versor Investments LP purchased a new position in shares of Empire State Realty Trust in the 4th quarter valued at about $105,000. Quadrature Capital Ltd purchased a new stake in shares of Empire State Realty Trust in the third quarter valued at approximately $115,000. Inspire Advisors LLC acquired a new position in shares of Empire State Realty Trust during the 4th quarter worth approximately $125,000. Cibc World Markets Corp purchased a new position in shares of Empire State Realty Trust during the 4th quarter valued at approximately $132,000. Finally, Longboard Asset Management LP acquired a new stake in Empire State Realty Trust in the 4th quarter valued at $137,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Trading Down 3.8 %

Shares of ESRT stock opened at $6.78 on Wednesday. Empire State Realty Trust, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $11.62. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.20 and a beta of 1.39. The stock’s fifty day moving average is $8.51 and its two-hundred day moving average is $9.87. 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 (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. The firm had revenue of $155.13 million for 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%. Research analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 2.07%. Empire State Realty Trust’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 5,779 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.03, for a total value of $46,405.37. Following the completion of the sale, the executive vice president now directly owns 56,028 shares of the company’s stock, valued at $449,904.84. This trade represents a 9.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 30,122 shares of company stock worth $242,761. 13.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESRT. Wolfe Research upgraded shares of 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 research report on Tuesday, March 25th. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd.

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.