Boothbay Fund Management LLC Invests $389,000 in Empire State Realty Trust, Inc. (NYSE:ESRT)

Boothbay Fund Management LLC acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,693 shares of the real estate investment trust's stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Empire State Realty Trust by 133.2% during the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock worth $3,374,000 after buying an additional 173,965 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 worth $1,086,000 after acquiring an additional 3,141 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Empire State Realty Trust by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust's stock worth $17,905,000 after acquiring an additional 98,850 shares during the period. Nordea Investment Management AB raised its holdings in Empire State Realty Trust by 5.8% in the 4th quarter. Nordea Investment Management AB now owns 727,158 shares of the real estate investment trust's stock valued at $7,482,000 after acquiring an additional 40,042 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Empire State Realty Trust by 22.8% during the 4th quarter. Ballentine Partners LLC now owns 14,349 shares of the real estate investment trust's stock worth $148,000 after purchasing an additional 2,668 shares during the period. Hedge funds and other institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Trading Up 2.6 %

Empire State Realty Trust stock traded up $0.19 during midday trading on Friday, reaching $7.39. The stock had a trading volume of 1,131,758 shares, compared to its average volume of 1,219,116. The stock's 50-day simple moving average is $7.71 and its 200 day simple moving average is $9.35. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month 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. The stock has a market capitalization of $1.24 billion, a PE ratio of 26.39 and a beta of 1.60.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share for the quarter. The business had revenue of $154.54 million for the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. Analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, March 14th. Empire State Realty Trust's dividend payout ratio is presently 46.67%.

Insider Activity at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 12,500 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $8.11, for a total value of $101,375.00. Following the transaction, the executive vice president now directly owns 74,307 shares of the company's stock, valued at $602,629.77. This trade represents a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ESRT. StockNews.com raised 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 report on Friday, April 11th. Finally, Wolfe Research upgraded shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective on the stock in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.00.

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.