Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN cut its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,557,018 shares of the real estate investment trust’s stock after selling 319,070 shares during the period. Southeastern Asset Management Inc. TN owned 0.93% of Empire State Realty Trust worth $16,068,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in Empire State Realty Trust by 819.7% during the fourth quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 3,828 shares in the last quarter. Versor Investments LP purchased a new stake in Empire State Realty Trust in the 4th quarter worth about $105,000. XTX Topco Ltd purchased a new stake in shares of Empire State Realty Trust during the 4th quarter worth about $110,000. NewEdge Advisors LLC acquired a new position in Empire State Realty Trust in the fourth quarter worth approximately $117,000. Finally, Inspire Advisors LLC acquired a new position in Empire State Realty Trust in the fourth quarter worth approximately $125,000. 67.10% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $8.11, for a total transaction of $101,375.00. Following the completion of the sale, the executive vice president now owns 74,307 shares of the company’s stock, valued at $602,629.77. This trade represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is currently owned by insiders.

Empire State Realty Trust Trading Up 0.6%

NYSE ESRT opened at $7.95 on Friday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.39 and a beta of 1.60. Empire State Realty Trust, Inc. has a 52 week low of $6.56 and a 52 week high of $11.62. The stock’s 50 day moving average price is $7.50 and its two-hundred day moving average price is $9.16. 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 Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share for the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The business had revenue of $154.54 million for the quarter. As a group, analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.76%. Empire State Realty Trust’s dividend payout ratio is currently 46.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup reiterated a “neutral” rating on shares of Empire State Realty Trust in a report on Friday, April 11th. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Wolfe Research raised 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 report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

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.