Man Group plc Has $8.29 Million Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Man Group plc lifted its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 105.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 803,671 shares of the real estate investment trust's stock after acquiring an additional 413,266 shares during the quarter. Man Group plc owned about 0.48% of Empire State Realty Trust worth $8,294,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESRT. Nuveen Asset Management LLC increased its holdings in Empire State Realty Trust by 26.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,886,750 shares of the real estate investment trust's stock valued at $29,791,000 after purchasing an additional 601,077 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Empire State Realty Trust by 5.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,017 shares of the real estate investment trust's stock valued at $795,000 after purchasing an additional 3,656 shares during the last quarter. Lighthouse Investment Partners LLC raised its position in shares of Empire State Realty Trust by 85.3% in the fourth quarter. Lighthouse Investment Partners LLC now owns 880,000 shares of the real estate investment trust's stock valued at $9,082,000 after buying an additional 405,000 shares in the last quarter. Ethic Inc. acquired a new stake in shares of Empire State Realty Trust in the 4th quarter valued at $136,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Empire State Realty Trust by 53.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,118,085 shares of the real estate investment trust's stock valued at $21,859,000 after acquiring an additional 741,234 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on shares of 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, Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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 dated Friday, March 21st. The stock was 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 of the company's stock, valued at $449,904.84. The trade was a 9.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is owned by corporate insiders.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock traded up $0.02 on Friday, hitting $7.29. 1,196,917 shares of the company traded hands, compared to its average volume of 1,241,492. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a market capitalization of $1.23 billion, a P/E ratio of 26.03 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. The business has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $9.00.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The company had revenue of $154.54 million during the quarter. Research analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, June 13th. Empire State Realty Trust's payout ratio is currently 46.67%.

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.