Strs Ohio Reduces Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Strs Ohio lessened its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 4.3% during the fourth quarter, Holdings Channel reports. The firm owned 27,000 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Strs Ohio’s holdings in Empire State Realty Trust were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESRT. Capital Investment Counsel Inc grew its position in shares of Empire State Realty Trust by 7.4% in the 3rd quarter. Capital Investment Counsel Inc now owns 17,400 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,200 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Empire State Realty Trust by 5.2% in the third quarter. Verdence Capital Advisors LLC now owns 32,950 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 1,626 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Empire State Realty Trust by 3.9% in the third quarter. Nisa Investment Advisors LLC now owns 60,559 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 2,254 shares in the last quarter. Van ECK Associates Corp increased its position in Empire State Realty Trust by 17.9% during the 3rd quarter. Van ECK Associates Corp now owns 17,475 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 2,647 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Empire State Realty Trust by 3.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 93,626 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 2,963 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Trading Up 0.9 %

ESRT opened at $9.29 on Tuesday. 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. The stock has a market cap of $1.52 billion, a PE ratio of 30.97, a PEG ratio of 3.38 and a beta of 1.30. The business has a 50 day moving average of $9.67 and a 200-day moving average of $9.38.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio is currently 46.67%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, Empire State Realty Trust 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.