2 weeks Ago By ABMN Staff
Wells Fargo & Company MN boosted its holdings in shares of Empire State Realty Trust, Inc. ( NYSE:ESRT – Free Report ) by 59.7% in the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 227,024 shares of the real estate investment trust’s stock after buying an additional 84,871 shares during the period. Wells Fargo & Company MN’s holdings in Empire State Realty Trust were worth $2,343,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Resona Asset Management Co. Ltd.
purchased a new stake in shares of Empire State Realty Trust in the 4th quarter valued at about $559,000. Centersquare Investment Management LLC bought a new position in shares of Empire State Realty Trust in the fourth quarter worth approximately $460,000. ExodusPoint Capital Management LP purchased a new stake in Empire State Realty Trust in the fourth quarter valued at approximately $2,157,000.
Geode Capital Management LLC lifted its position in Empire State Realty Trust by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust’s stock valued at $35,302,000 after purchasing an additional 13,045 shares during the last quarter.
Finally, Arrowstreet Capital Limited Partnership grew its stake in Empire State Realty Trust by 16.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust’s stock worth $16,480,000 after buying an additional 227,953 shares in the last quarter.
67.10% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several research firms have recently weighed in on ESRT.
StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Citigroup restated a “neutral” rating on shares of Empire State Realty Trust in a research report on Friday, April 11th.
Finally, Wolfe Research upgraded Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.00. Empire State Realty Trust Price Performance ESRT stock opened at $7.
12 on Friday. The firm has a market cap of $1.19 billion, a P/E ratio of 25.
43 and a beta of 1.39. The firm’s fifty day moving average is $7.
87 and its 200 day moving average is $9.51. Empire State Realty Trust, Inc.
has a 52 week low of $6.56 and a 52 week high of $11.62.
The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.
72. Empire State Realty Trust ( NYSE:ESRT – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.
24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $155.13 million for the quarter, compared to analysts’ expectations of $192.62 million.
Research analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.035 dividend.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.
97%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 50.00%.
Insider Buying and Selling at Empire State Realty Trust In other news, EVP Thomas P. Durels sold 5,779 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.
03, for a total transaction of $46,405.37. Following the completion of the sale, the executive vice president now directly owns 56,028 shares in the company, valued at approximately $449,904.
84. This represents a 9.35 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Over the last 90 days, insiders sold 30,122 shares of company stock worth $242,761. 14.
60% of the stock is currently owned by insiders. Empire State Realty Trust Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust, Inc.
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