Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels Sells 12,500 Shares of Stock

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $8.11, for a total transaction of $101,375.00. Following the transaction, the executive vice president now owns 74,307 shares in the company, valued at $602,629.77. This represents a 14.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT opened at $7.96 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 28.41 and a beta of 1.39. Empire State Realty Trust, Inc. has a 1 year low of $7.88 and a 1 year high of $11.62. The business has a fifty day simple moving average of $9.03 and a 200 day simple moving average of $10.15. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The business had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. As a group, sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.76%. Empire State Realty Trust’s dividend payout ratio is presently 50.00%.

Hedge Funds Weigh In On Empire State Realty Trust

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Empire State Realty Trust during the 3rd quarter valued at $25,000. GF Fund Management CO. LTD. bought a new stake in Empire State Realty Trust during the fourth quarter worth about $26,000. Sterling Capital Management LLC raised its position in Empire State Realty Trust by 819.7% during the fourth quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 3,828 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 4,332 shares in the last quarter. Finally, State of Wyoming acquired a new position in Empire State Realty Trust during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday.

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.