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

Lighthouse Investment Partners LLC raised its stake in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 85.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 880,000 shares of the real estate investment trust's stock after buying an additional 405,000 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.53% of Empire State Realty Trust worth $9,082,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Empire State Realty Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust's stock worth $204,800,000 after acquiring an additional 461,421 shares during the last quarter. Ameriprise Financial Inc. raised its position in Empire State Realty Trust by 42.4% in the fourth quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock valued at $95,306,000 after purchasing an additional 2,750,045 shares during the period. William Blair Investment Management LLC lifted its stake 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 lifted its stake 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 boosted its position in shares of 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 buying an additional 771,017 shares during the period. Hedge funds and other institutional investors own 67.10% of the company's stock.

Insider Buying and Selling at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 5,779 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.03, for a total value of $46,405.37. Following the transaction, the executive vice president now directly owns 56,028 shares in the company, valued at $449,904.84. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 30,122 shares of company stock worth $242,761 over the last ninety days. Corporate insiders own 14.60% of the company's stock.

Empire State Realty Trust Stock Up 0.6%

NYSE ESRT traded up $0.05 during trading hours on Thursday, hitting $7.95. 1,509,224 shares of the company were exchanged, compared to its average volume of 1,235,447. The company has a 50 day moving average of $7.51 and a two-hundred day moving average of $9.18. 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 firm has a market cap of $1.33 billion, a price-to-earnings ratio of 28.39 and a beta of 1.60. Empire State Realty Trust, Inc. has a 52-week low of $6.56 and a 52-week high of $11.62.

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 EPS for the quarter. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. The company had revenue of $154.54 million during the quarter. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, March 14th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 46.67%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ESRT. StockNews.com upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. 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 for the company in a report on Tuesday, March 25th. Finally, Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, 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.