New York State Teachers Retirement System Buys Shares of 11,826 Empire State Realty Trust, Inc. (NYSE:ESRT)

New York State Teachers Retirement System purchased a new stake in Empire State Realty Trust, Inc. (NYSE:ESRT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,826 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Other institutional investors have also modified their holdings of the company. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Empire State Realty Trust by 650.0% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 300,970 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 260,840 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Empire State Realty Trust in the 3rd quarter valued at about $309,000. Ritholtz Wealth Management boosted its holdings in shares of Empire State Realty Trust by 34.0% in the 4th quarter. Ritholtz Wealth Management now owns 112,916 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 28,681 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Empire State Realty Trust by 39.1% in the 4th quarter. SG Americas Securities LLC now owns 89,091 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 25,054 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in shares of Empire State Realty Trust in the 3rd quarter valued at about $649,000. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, Empire State Realty Trust has an average rating of “Hold” and an average price target of $8.33.

Empire State Realty Trust Stock Up 1.1 %

ESRT stock opened at $9.15 on Friday. The firm has a 50 day moving average of $9.73 and a 200 day moving average of $9.30. The stock has a market capitalization of $1.50 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 3.24 and a beta of 1.30. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. Empire State Realty Trust, Inc. has a 52 week low of $5.43 and a 52 week high of $10.32.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 45.16%.

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.