Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 58.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,482 shares of the real estate investment trust’s stock after purchasing an additional 44,974 shares during the period. AlphaQuest LLC owned approximately 0.07% of Empire State Realty Trust worth $1,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ESRT. Creative Planning lifted its stake in Empire State Realty Trust by 20.5% during the third quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 2,145 shares during the last quarter. Van ECK Associates Corp lifted its stake in Empire State Realty Trust by 11.5% during the third quarter. Van ECK Associates Corp now owns 26,453 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 2,735 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Empire State Realty Trust by 2.2% during the third quarter. Asset Management One Co. Ltd. now owns 211,724 shares of the real estate investment trust’s stock valued at $2,346,000 after purchasing an additional 4,581 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Empire State Realty Trust by 17.0% during the third quarter. QRG Capital Management Inc. now owns 18,064 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Empire State Realty Trust by 3.3% during the third quarter. Principal Financial Group Inc. now owns 98,013 shares of the real estate investment trust’s stock valued at $1,086,000 after purchasing an additional 3,141 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ESRT has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd.

Empire State Realty Trust Stock Up 0.3 %

Shares of NYSE:ESRT opened at $8.52 on Monday. 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 company has a market cap of $1.43 billion, a PE ratio of 30.41 and a beta of 1.39. Empire State Realty Trust, Inc. has a 52 week low of $8.40 and a 52 week high of $11.62. The firm has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $10.31.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.64%. Empire State Realty Trust’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total value of $101,000.00. Following the transaction, the executive vice president now owns 86,807 shares in the company, valued at approximately $876,750.70. This represents a 10.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.95% of the company’s stock.

Empire State Realty Trust 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.