Empire State Realty Trust, Inc. (NYSE:ESRT) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,709,524 shares of the real estate investment trust’s stock after purchasing an additional 93,539 shares during the quarter. JPMorgan Chase & Co. owned about 1.03% of Empire State Realty Trust worth $17,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESRT. Vanguard Group Inc. grew its position in Empire State Realty Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust’s stock valued at $204,800,000 after buying an additional 461,421 shares in the last quarter. Barclays PLC boosted its holdings in shares of Empire State Realty Trust by 133.2% in the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock valued at $3,374,000 after acquiring an additional 173,965 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Empire State Realty Trust by 143.8% in the fourth quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust’s stock valued at $2,711,000 after acquiring an additional 154,920 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Empire State Realty Trust by 95.4% during the third quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock valued at $2,533,000 after acquiring an additional 111,589 shares during the period. Finally, FMR LLC raised its holdings in Empire State Realty Trust by 28.2% during the third quarter. FMR LLC now owns 467,285 shares of the real estate investment trust’s stock worth $5,178,000 after purchasing an additional 102,658 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 12,500 shares of Empire State Realty Trust stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $8.11, for a total transaction of $101,375.00. Following the transaction, the executive vice president now owns 74,307 shares in the company, valued at approximately $602,629.77. The trade was a 14.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 30,122 shares of company stock worth $242,761. Company insiders own 13.95% of the company’s stock.

Analyst Upgrades and Downgrades

ESRT has been the subject of a number of research reports. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Tuesday, March 25th.

Empire State Realty Trust Trading Up 2.6 %

Shares of NYSE:ESRT opened at $7.04 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.13 and a beta of 1.39. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. The company has a 50 day moving average price of $8.32 and a 200 day moving average price of $9.76.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to analyst estimates of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. On average, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.035 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.99%. Empire State Realty Trust’s dividend payout ratio is currently 50.00%.

Empire State Realty Trust Company 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.