Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 343,832 shares of the real estate investment trust’s stock after selling 38,570 shares during the period. Federated Hermes Inc.’s holdings in Empire State Realty Trust were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESRT. Vanguard Group Inc. lifted its stake in shares of Empire State Realty Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust’s stock worth $204,800,000 after acquiring an additional 461,421 shares during the period. William Blair Investment Management LLC raised its holdings in Empire State Realty Trust by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust’s stock worth $38,394,000 after purchasing an additional 90,758 shares in the last quarter. Geode Capital Management LLC lifted its position in Empire State Realty Trust by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust’s stock valued at $35,302,000 after purchasing an additional 13,045 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Empire State Realty Trust by 5.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust’s stock worth $17,642,000 after buying an additional 93,539 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Empire State Realty Trust by 16.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust’s stock valued at $16,480,000 after buying an additional 227,953 shares during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESRT. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Tuesday, March 25th. StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd.

Insider Buying and Selling

In related news, EVP Thomas P. Durels sold 5,779 shares of Empire State Realty Trust stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.03, for a total transaction of $46,405.37. Following the completion of the sale, the executive vice president now owns 56,028 shares in the company, valued at approximately $449,904.84. This trade represents a 9.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 30,122 shares of company stock worth $242,761 in the last ninety days. Insiders own 13.95% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of ESRT stock opened at $7.04 on Friday. The stock has a fifty day moving average price of $8.32 and a 200 day moving average price of $9.76. 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 market cap of $1.18 billion, a PE ratio of 25.13 and a beta of 1.39. Empire State Realty Trust, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.05 by $0.19. The business 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%. Sell-side analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.99%. Empire State Realty Trust’s dividend payout ratio (DPR) is 50.00%.

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.