Empire State Realty Trust, Inc. (NYSE:ESRT) Stock Position Lifted by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,680 shares of the real estate investment trust's stock after acquiring an additional 82,051 shares during the quarter. Susquehanna International Group LLP owned 0.24% of Empire State Realty Trust worth $4,176,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ESRT. Vanguard Group Inc. boosted its stake in Empire State Realty Trust by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust's stock valued at $204,800,000 after acquiring an additional 461,421 shares during the period. William Blair Investment Management LLC boosted its position in Empire State Realty Trust by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust's stock valued at $38,394,000 after purchasing an additional 90,758 shares during the period. Geode Capital Management LLC boosted its position in Empire State Realty Trust by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust's stock valued at $35,302,000 after purchasing an additional 13,045 shares during the period. JPMorgan Chase & Co. grew its stake in Empire State Realty Trust by 5.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust's stock worth $17,642,000 after buying an additional 93,539 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Empire State Realty Trust by 16.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust's stock worth $16,480,000 after buying an additional 227,953 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Stock Performance

Shares of ESRT opened at $7.39 on Monday. The firm has a market capitalization of $1.24 billion, a PE ratio of 26.39 and a beta of 1.60. 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 50-day moving average price of $7.71 and a 200 day moving average price of $9.35. 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 data on Tuesday, April 29th. The real estate investment trust reported $0.19 EPS for the quarter. The business 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%. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.89%. Empire State Realty Trust's dividend payout ratio is currently 46.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ESRT shares. StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Wolfe Research raised shares of 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. Finally, Citigroup restated a "neutral" rating on shares of Empire State Realty Trust in a research note 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.com, the company presently has a consensus rating of "Hold" and an average target price of $11.00.

Insider Buying and Selling

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 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 owns 74,307 shares of the company's stock, valued at approximately $602,629.77. This represents a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 30,122 shares of company stock valued at $242,761 over the last three months. Company insiders own 14.60% of the company's stock.

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.

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