Delta Financial Group Inc. Takes Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Delta Financial Group Inc. bought a new position in Empire State Realty Trust, Inc. (NYSE:ESRT) during the fourth quarter, Holdings Channel.com reports. The fund bought 14,500 shares of the real estate investment trust’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew 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 worth $315,000 after buying an additional 1,231 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,419 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,524 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Empire State Realty Trust by 2.7% during 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 purchasing an additional 1,722 shares during the period. Finally, Creative Planning raised its position in shares of Empire State Realty Trust by 20.5% during the third quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 2,145 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Price Performance

ESRT opened at $8.68 on Monday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 30.98 and a beta of 1.40. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $10.41. 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, Inc. has a 12-month low of $8.60 and a 12-month high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The firm had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Equities analysts forecast that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is currently 50.00%.

Insider Activity at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the sale, the executive vice president now owns 86,807 shares of the company’s stock, valued at $876,750.70. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 13.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ESRT shares. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted 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.

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.