Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,981 shares of the real estate investment trust’s stock after selling 4,724 shares during the period. Nisa Investment Advisors LLC’s holdings in Empire State Realty Trust were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ESRT. Ameriprise Financial Inc. lifted its stake in Empire State Realty Trust by 42.4% during the 4th quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust’s stock worth $95,306,000 after acquiring an additional 2,750,045 shares in the last quarter. Waterfront Capital Partners LLC acquired a new stake in Empire State Realty Trust in the 4th quarter valued at about $11,048,000. Northern Trust Corp raised its position in Empire State Realty Trust by 42.1% in the 4th quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust’s stock valued at $26,835,000 after purchasing an additional 771,017 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Empire State Realty Trust by 53.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,118,085 shares of the real estate investment trust’s stock valued at $21,859,000 after purchasing an additional 741,234 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in Empire State Realty Trust by 26.3% in the 4th quarter. Nuveen Asset Management LLC now owns 2,886,750 shares of the real estate investment trust’s stock valued at $29,791,000 after purchasing an additional 601,077 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Empire State Realty Trust Trading Down 1.6%

ESRT opened at $7.84 on Thursday. Empire State Realty Trust, Inc. has a one year low of $6.56 and a one year high of $11.62. The company has a market cap of $1.32 billion, a P/E ratio of 26.14 and a beta of 1.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.83 and a current ratio of 3.83. The business’s 50-day simple moving average is $8.03 and its 200-day simple moving average is $8.34.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $154.54 million for the quarter. Empire State Realty Trust had a return on equity of 3.00% and a net margin of 6.92%. As a group, equities research analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.14 dividend on an annualized basis and a yield of 1.79%. Empire State Realty Trust’s dividend payout ratio is presently 46.67%.

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.