Empire State Realty Trust, Inc. (ESRT) to Issue Quarterly Dividend of $0.04 on June 30th

Empire State Realty Trust, Inc. (NYSE:ESRT) announced a quarterly dividend on Friday, May 15th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.035 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th.

Empire State Realty Trust has decreased its dividend payment by an average of 0.1%annually over the last three years.

Empire State Realty Trust Price Performance

Shares of ESRT stock traded up $0.05 during trading hours on Friday, hitting $5.45. 1,885,725 shares of the company’s stock were exchanged, compared to its average volume of 2,263,312. The stock’s 50-day moving average is $5.49 and its 200-day moving average is $5.98. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $938.88 million, a price-to-earnings ratio of 20.94 and a beta of 1.35. Empire State Realty Trust has a 52 week low of $4.87 and a 52 week high of $8.76.

Hedge Funds Weigh In On Empire State Realty Trust

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Empire State Realty Trust by 58.2% in the third quarter. JPMorgan Chase & Co. now owns 2,301,395 shares of the real estate investment trust’s stock valued at $17,629,000 after buying an additional 846,505 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Empire State Realty Trust by 204.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,155,109 shares of the real estate investment trust’s stock valued at $20,571,000 after buying an additional 2,118,859 shares during the period. Land & Buildings Investment Management LLC acquired a new position in Empire State Realty Trust in the third quarter valued at about $7,772,000. Centersquare Investment Management LLC lifted its stake in Empire State Realty Trust by 22.0% in the third quarter. Centersquare Investment Management LLC now owns 3,475,569 shares of the real estate investment trust’s stock valued at $26,623,000 after buying an additional 627,210 shares during the period. Finally, Lasalle Investment Management Securities LLC acquired a new position in Empire State Realty Trust in the third quarter valued at about $11,622,000. Institutional investors own 67.10% of the company’s stock.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.