UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 63,350 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,035,938 shares of the real estate investment trust's stock after selling 63,350 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Empire State Realty Trust worth $10,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC increased its holdings in Empire State Realty Trust by 143.8% in the 4th quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust's stock valued at $2,711,000 after buying an additional 154,920 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 93,539 shares in the last quarter. Centersquare Investment Management LLC bought a new position in Empire State Realty Trust in the fourth quarter valued at approximately $460,000. Lighthouse Investment Partners LLC increased its stake in 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 acquiring an additional 405,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Empire State Realty Trust by 2.4% during 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 purchasing an additional 461,421 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ESRT shares. Citigroup restated a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Wolfe Research upgraded Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research report on Tuesday, March 25th. Wall Street Zen lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their target price on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.43.

Insider Activity

In related news, EVP Thomas P. Durels sold 5,779 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.03, for a total value of $46,405.37. Following the sale, the executive vice president now owns 56,028 shares of the company's stock, valued at $449,904.84. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 30,122 shares of company stock valued at $242,761. 14.60% of the stock is currently owned by corporate insiders.

Empire State Realty Trust Price Performance

NYSE:ESRT traded up $0.15 on Tuesday, hitting $7.88. The company had a trading volume of 279,644 shares, compared to its average volume of 1,248,502. Empire State Realty Trust, Inc. has a 52 week low of $6.56 and a 52 week high of $11.62. 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 capitalization of $1.33 billion, a price-to-earnings ratio of 28.14 and a beta of 1.60. The firm has a 50 day moving average of $7.38 and a two-hundred day moving average of $8.87.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 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. On average, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.14 annualized dividend and a yield of 1.78%. Empire State Realty Trust's dividend payout ratio is presently 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.