Two Sigma Advisers LP Raises Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Two Sigma Advisers LP lifted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 604.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 132,500 shares of the real estate investment trust's stock after purchasing an additional 113,700 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of Empire State Realty Trust worth $1,367,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in Empire State Realty Trust by 42.4% in the 4th quarter. Ameriprise Financial Inc. now owns 9,235,041 shares of the real estate investment trust's stock valued at $95,306,000 after acquiring an additional 2,750,045 shares during the last quarter. Waterfront Capital Partners LLC purchased a new stake in shares of Empire State Realty Trust during the fourth quarter valued at $11,048,000. Northern Trust Corp grew its holdings in shares of Empire State Realty Trust by 42.1% in the fourth quarter. Northern Trust Corp now owns 2,600,328 shares of the real estate investment trust's stock worth $26,835,000 after purchasing an additional 771,017 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in 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 worth $21,859,000 after buying an additional 741,234 shares during the period. Finally, Nuveen Asset Management LLC lifted 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 buying an additional 601,077 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $8.03, for a total value of $46,405.37. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 30,122 shares of company stock worth $242,761 in the last three months. 14.60% of the stock is owned by insiders.

Empire State Realty Trust Stock Up 1.0%

NYSE ESRT traded up $0.08 during trading on Wednesday, reaching $7.97. 147,948 shares of the company's stock traded hands, compared to its average volume of 1,248,231. Empire State Realty Trust, Inc. has a 12-month low of $6.56 and a 12-month high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 28.45 and a beta of 1.60. The company's 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $8.86.

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

Empire State Realty Trust Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, June 13th. Empire State Realty Trust's payout ratio is 46.67%.

Wall Street Analyst Weigh In

ESRT has been the topic of a number of research analyst reports. Wolfe Research upgraded 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 reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. Wall Street Zen cut 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 for the company in a research report on Monday, May 19th. 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 stock. According to MarketBeat, Empire State Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $10.43.

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.