Empire State Realty Trust, Inc. (NYSE:ESRT) Holdings Boosted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC grew its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 880,000 shares of the real estate investment trust's stock after buying an additional 405,000 shares during the period. Lighthouse Investment Partners LLC owned 0.53% of Empire State Realty Trust worth $9,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Empire State Realty Trust by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust's stock worth $204,800,000 after purchasing an additional 461,421 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Empire State Realty Trust by 42.4% during the fourth quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock worth $95,306,000 after purchasing an additional 2,750,045 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Empire State Realty Trust by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust's stock worth $38,394,000 after purchasing an additional 90,758 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $35,302,000 after purchasing an additional 13,045 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Empire State Realty Trust by 42.1% during the fourth quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust's stock worth $26,835,000 after purchasing an additional 771,017 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Insiders Place Their Bets

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 11,843 shares of Empire State Realty Trust stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.02, for a total transaction of $94,980.86. Following the transaction, the executive vice president now directly owns 44,185 shares in the company, valued at approximately $354,363.70. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is owned by insiders.

Empire State Realty Trust Price Performance

Empire State Realty Trust stock traded down $0.17 during mid-day trading on Friday, hitting $7.81. The company's stock had a trading volume of 1,156,948 shares, compared to its average volume of 1,239,819. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $1.32 billion, a P/E ratio of 27.88 and a beta of 1.60. Empire State Realty Trust, Inc. has a twelve month low of $6.56 and a twelve month high of $11.62. The stock's fifty day moving average price is $7.49 and its two-hundred day moving average price is $9.12.

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

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.79%. Empire State Realty Trust's dividend payout ratio (DPR) is 46.67%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Wolfe Research raised Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Tuesday, March 25th. Finally, Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.00.

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.