Southeastern Asset Management Inc. TN Has $16.07 Million Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Southeastern Asset Management Inc. TN reduced its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,557,018 shares of the real estate investment trust's stock after selling 319,070 shares during the quarter. Southeastern Asset Management Inc. TN owned about 0.93% of Empire State Realty Trust worth $16,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Empire State Realty Trust by 133.2% in the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock valued at $3,374,000 after acquiring an additional 173,965 shares during the last quarter. Ballentine Partners LLC raised its holdings in Empire State Realty Trust by 22.8% in the fourth 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. SG Americas Securities LLC boosted its position in shares of Empire State Realty Trust by 46.4% during the fourth quarter. SG Americas Securities LLC now owns 39,636 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 12,553 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Empire State Realty Trust by 22.3% in the 4th quarter. Inspire Investing LLC now owns 45,771 shares of the real estate investment trust's stock valued at $472,000 after buying an additional 8,346 shares during the period. Finally, Vert Asset Management LLC lifted its holdings in Empire State Realty Trust by 4.5% during the fourth quarter. Vert Asset Management LLC now owns 55,749 shares of the real estate investment trust's stock worth $575,000 after acquiring an additional 2,400 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Down 2.2%

ESRT traded down $0.17 during trading hours on Wednesday, hitting $7.45. 331,988 shares of the company's stock were exchanged, compared to its average volume of 1,234,046. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 26.59 and a beta of 1.60. The stock's 50-day moving average is $7.47 and its two-hundred day moving average is $9.08. 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, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 EPS for the quarter. The firm 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%. Sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, June 13th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 46.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ESRT. Wolfe Research raised Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research note on Tuesday, March 25th. Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. StockNews.com lowered shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Monday. Finally, Wells Fargo & Company lowered their target price on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.43.

Insiders Place Their Bets

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 12,500 shares of the company's stock in a transaction 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 directly owns 74,307 shares in the company, valued at $602,629.77. The trade was a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 30,122 shares of company stock valued at $242,761 over the last 90 days. 14.60% of the stock is currently owned by insiders.

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.