Nisa Investment Advisors LLC Sells 6,410 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Nisa Investment Advisors LLC lessened its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,149 shares of the real estate investment trust’s stock after selling 6,410 shares during the period. Nisa Investment Advisors LLC’s holdings in Empire State Realty Trust were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Empire State Realty Trust by 650.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 300,970 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 260,840 shares in the last quarter. Inspire Investing LLC bought a new stake in Empire State Realty Trust in the third quarter valued at $309,000. Ritholtz Wealth Management raised its holdings in shares of Empire State Realty Trust by 34.0% during the fourth quarter. Ritholtz Wealth Management now owns 112,916 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 28,681 shares during the period. SG Americas Securities LLC boosted its position in shares of Empire State Realty Trust by 39.1% during the 4th quarter. SG Americas Securities LLC now owns 89,091 shares of the real estate investment trust’s stock worth $863,000 after purchasing an additional 25,054 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Empire State Realty Trust in the 3rd quarter valued at about $649,000. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Down 0.8 %

ESRT stock opened at $8.92 on Thursday. The firm has a market capitalization of $1.46 billion, a PE ratio of 28.78, a P/E/G ratio of 3.32 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 twelve month low of $5.43 and a twelve month high of $10.32. The stock’s 50 day moving average is $9.75 and its 200-day moving average is $9.29.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 45.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.33.

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.