Dimensional Fund Advisors LP Has $19.17 Million Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Dimensional Fund Advisors LP reduced its position in Empire State Realty Trust, Inc. (NYSE:ESRTFree Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,977,712 shares of the real estate investment trust’s stock after selling 43,747 shares during the period. Dimensional Fund Advisors LP owned approximately 1.22% of Empire State Realty Trust worth $19,165,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ESRT. Principal Financial Group Inc. raised its holdings in shares of Empire State Realty Trust by 51.3% in the 3rd quarter. Principal Financial Group Inc. now owns 96,162 shares of the real estate investment trust’s stock worth $773,000 after acquiring an additional 32,606 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Empire State Realty Trust by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,040,085 shares of the real estate investment trust’s stock valued at $24,442,000 after purchasing an additional 177,050 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Empire State Realty Trust by 17.9% during the third quarter. Van ECK Associates Corp now owns 17,475 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,647 shares during the last quarter. Finally, UBS Group AG grew its holdings in Empire State Realty Trust by 12.4% during the third quarter. UBS Group AG now owns 614,133 shares of the real estate investment trust’s stock worth $4,938,000 after buying an additional 67,567 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.33.

Get Our Latest Stock Report on Empire State Realty Trust

Empire State Realty Trust Stock Down 1.9 %

Shares of NYSE:ESRT opened at $9.34 on Wednesday. Empire State Realty Trust, Inc. has a 1 year low of $6.17 and a 1 year high of $10.32. The company has a market capitalization of $1.54 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 5.82 and a beta of 1.36. The business has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $9.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.14 annualized dividend and a yield of 1.50%. Empire State Realty Trust’s payout ratio is currently 46.67%.

Empire State Realty Trust Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)

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