Cerity Partners LLC Buys Shares of 68,167 Empire State Realty Trust, Inc. (NYSE:ESRT)

Cerity Partners LLC purchased a new position in Empire State Realty Trust, Inc. (NYSE:ESRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 68,167 shares of the real estate investment trust’s stock, valued at approximately $661,000.

A number of other institutional investors also recently modified their holdings of ESRT. Federated Hermes Inc. bought a new position in Empire State Realty Trust during the third quarter worth $59,000. Spirit of America Management Corp NY bought a new stake in Empire State Realty Trust during the fourth quarter valued at $87,000. QRG Capital Management Inc. acquired a new stake in Empire State Realty Trust during the 3rd quarter worth about $109,000. New York State Teachers Retirement System bought a new position in shares of Empire State Realty Trust in the 4th quarter worth about $115,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Empire State Realty Trust in the 3rd quarter valued at about $131,000. 67.10% of the stock is owned by institutional investors.

Empire State Realty Trust Stock Up 1.7 %

Shares of NYSE ESRT opened at $9.48 on Wednesday. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.56 billion, a PE ratio of 30.58, a P/E/G ratio of 3.32 and a beta of 1.30. The company’s fifty day simple moving average is $9.71 and its 200 day simple moving average is $9.34. Empire State Realty Trust, Inc. has a 12-month low of $5.43 and a 12-month high of $10.32.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.48%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 45.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.33.

About Empire State Realty Trust

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.