Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels Sells 5,779 Shares

Empire State Realty Trust, Inc. (NYSE:ESRT) EVP Thomas P. Durels sold 5,779 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.03, for a total value of $46,405.37. Following the completion of the transaction, the executive vice president now directly owns 56,028 shares of the company’s stock, valued at $449,904.84. The trade was a 9.35 % decrease in their ownership of the stock. 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 $7.98 on Wednesday. The stock’s 50-day simple moving average is $8.97 and its two-hundred day simple moving average is $10.10. Empire State Realty Trust, Inc. has a twelve month low of $7.88 and a twelve month high of $11.62. The firm has a market capitalization of $1.34 billion, a P/E ratio of 28.50 and a beta of 1.39. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23.

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

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio is currently 50.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Empire State Realty Trust in the 3rd quarter worth about $25,000. GF Fund Management CO. LTD. purchased a new stake in Empire State Realty Trust in the fourth quarter worth approximately $26,000. Sterling Capital Management LLC grew 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 acquiring an additional 3,828 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Empire State Realty Trust by 3,139.1% during the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 4,332 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Empire State Realty Trust in the 4th quarter worth approximately $54,000. Institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wolfe Research upgraded Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Tuesday. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th.

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.