Nisa Investment Advisors LLC Sells 9,674 Shares of Empire State Realty Trust, Inc. $ESRT

Nisa Investment Advisors LLC lowered its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 25.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,307 shares of the real estate investment trust’s stock after selling 9,674 shares during the period. Nisa Investment Advisors LLC’s holdings in Empire State Realty Trust were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Empire State Realty Trust in the second quarter worth about $297,000. Asset Management One Co. Ltd. lifted its holdings in Empire State Realty Trust by 1.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 201,820 shares of the real estate investment trust’s stock valued at $1,633,000 after buying an additional 3,494 shares in the last quarter. Benin Management CORP lifted its holdings in Empire State Realty Trust by 9.2% during the 2nd quarter. Benin Management CORP now owns 29,800 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 2,500 shares in the last quarter. Wealthstream Advisors Inc. bought a new stake in Empire State Realty Trust during the 2nd quarter valued at about $94,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Empire State Realty Trust during the second quarter valued at approximately $557,000. Institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ESRT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.43.

Empire State Realty Trust Stock Performance

Empire State Realty Trust stock opened at $7.39 on Tuesday. The company has a 50 day moving average price of $7.61 and a 200-day moving average price of $7.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. Empire State Realty Trust, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $11.43. The company has a market capitalization of $1.25 billion, a PE ratio of 35.19 and a beta of 1.79.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.23 earnings per share for the quarter. The firm had revenue of $158.41 million during the quarter. Empire State Realty Trust had a net margin of 4.96% and a return on equity of 2.13%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, equities analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 66.67%.

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.