Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 56.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,642 shares of the real estate investment trust's stock after selling 214,968 shares during the quarter. Deutsche Bank AG owned about 0.10% of Empire State Realty Trust worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Barclays PLC increased 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 acquiring an additional 173,965 shares during the last quarter. Ballentine Partners LLC increased its position in 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 purchasing an additional 2,668 shares in the last quarter. SG Americas Securities LLC raised its holdings in Empire State Realty Trust by 46.4% in the fourth quarter. SG Americas Securities LLC now owns 39,636 shares of the real estate investment trust's stock valued at $409,000 after buying an additional 12,553 shares during the period. Inspire Investing LLC raised its holdings in Empire State Realty Trust by 22.3% in the fourth 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 position 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 valued at $575,000 after buying an additional 2,400 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Up 1.2%

NYSE:ESRT traded up $0.09 on Thursday, reaching $7.83. The stock had a trading volume of 767,147 shares, compared to its average volume of 1,248,467. The company has a 50-day moving average of $7.39 and a 200 day moving average of $8.93. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. The stock has a market cap of $1.32 billion, a P/E ratio of 27.96 and a beta of 1.60. Empire State Realty Trust, Inc. has a 12-month low of $6.56 and a 12-month 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 earnings per share (EPS) for the quarter. The company had revenue of $154.54 million for the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, June 13th. This represents a $0.14 dividend on an annualized basis and a yield of 1.79%. Empire State Realty Trust's dividend payout ratio (DPR) is 46.67%.

Wall Street Analyst Weigh In

ESRT has been the topic of a number of research reports. 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 on the stock in a research note on Tuesday, March 25th. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, May 19th. Two equities research 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 MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.43.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 5,779 shares of Empire State Realty Trust stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.03, for a total value of $46,405.37. Following the completion of the transaction, the executive vice president now owns 56,028 shares in the company, valued at approximately $449,904.84. This trade represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,122 shares of company stock valued at $242,761 in the last ninety days. Corporate 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.