Deutsche Bank AG Has $1.73 Million Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Deutsche Bank AG decreased its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 56.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,642 shares of the real estate investment trust’s stock after selling 214,968 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of Empire State Realty Trust worth $1,730,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ESRT. Summit Investment Advisors Inc. boosted its holdings in Empire State Realty Trust by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,131 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Empire State Realty Trust by 2.7% in the fourth quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 1,722 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Empire State Realty Trust by 2.3% in the fourth quarter. MetLife Investment Management LLC now owns 83,357 shares of the real estate investment trust’s stock worth $860,000 after buying an additional 1,855 shares during the last quarter. Vert Asset Management LLC boosted its stake in shares of Empire State Realty Trust by 4.5% during the 4th quarter. Vert Asset Management LLC now owns 55,749 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Empire State Realty Trust by 22.8% during the 4th quarter. Ballentine Partners LLC now owns 14,349 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,668 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ESRT shares. Wall Street Zen downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 19th. Citigroup reissued a “neutral” rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of Empire State Realty Trust from $11.00 to $8.30 and set an “underweight” rating for the company in a research note on Monday, May 19th. Finally, Wolfe Research upgraded shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Empire State Realty Trust currently has an average rating of “Hold” and a consensus target price of $10.43.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT opened at $7.29 on Friday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 26.03 and a beta of 1.60. The business has a 50 day moving average price of $7.43 and a 200 day moving average price of $9.02. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 EPS for the quarter. The company had revenue of $154.54 million during the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. Research analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, June 13th. Empire State Realty Trust’s payout ratio is currently 46.67%.

Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 5,779 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.03, for a total value of $46,405.37. Following the completion of the sale, the executive vice president now owns 56,028 shares in the company, valued at approximately $449,904.84. This trade represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,122 shares of company stock valued at $242,761 in the last ninety days. Company insiders own 14.60% of the company’s stock.

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.