Envestnet Asset Management Inc. Acquires 65,717 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Envestnet Asset Management Inc. lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 550.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,657 shares of the real estate investment trust's stock after buying an additional 65,717 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Empire State Realty Trust were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESRT. Barclays PLC grew its stake in 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. lifted its stake 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 purchasing an additional 3,141 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 valued at $17,905,000 after purchasing an additional 98,850 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of 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 purchasing an additional 40,042 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings 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 buying an additional 2,668 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Insider Activity at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $8.11, for a total value of $101,375.00. Following the transaction, the executive vice president now owns 74,307 shares in the company, valued at approximately $602,629.77. The trade was a 14.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,122 shares of company stock worth $242,761 over the last ninety days. Insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ESRT shares. Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Wolfe Research upgraded shares of 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 research report on Tuesday, March 25th. One 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, Empire State Realty Trust has a consensus rating of "Hold" and a consensus target price of $11.00.

Empire State Realty Trust Trading Down 0.9 %

NYSE ESRT traded down $0.07 on Tuesday, hitting $7.35. The company's stock had a trading volume of 969,591 shares, compared to its average volume of 1,217,859. The company's 50-day moving average is $7.68 and its 200 day moving average is $9.32. The firm has a market cap of $1.23 billion, a PE ratio of 26.23 and a beta of 1.60. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. 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 - Get Free Report) last posted 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 during the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. As a group, analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 1.91%. The ex-dividend date of this dividend was Friday, March 14th. Empire State Realty Trust's dividend payout ratio is currently 46.67%.

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.