Two Sigma Investments LP Buys 160,872 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Two Sigma Investments LP increased its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 650.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,596 shares of the real estate investment trust's stock after acquiring an additional 160,872 shares during the period. Two Sigma Investments LP owned approximately 0.11% of Empire State Realty Trust worth $1,915,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. increased its stake in Empire State Realty Trust by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 14,263 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,131 shares during the period. State of Alaska Department of Revenue raised its position in shares of Empire State Realty Trust by 2.7% in the fourth quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust's stock valued at $672,000 after purchasing an additional 1,722 shares during the period. MetLife Investment Management LLC raised its position in shares of Empire State Realty Trust by 2.3% in the fourth quarter. MetLife Investment Management LLC now owns 83,357 shares of the real estate investment trust's stock valued at $860,000 after purchasing an additional 1,855 shares during the period. BNP Paribas Financial Markets increased its position in Empire State Realty Trust by 11.4% during the fourth quarter. BNP Paribas Financial Markets now owns 31,627 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 3,236 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Empire State Realty Trust by 5.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,017 shares of the real estate investment trust's stock worth $795,000 after buying an additional 3,656 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Empire State Realty Trust Trading Up 0.5%

Shares of ESRT stock traded up $0.04 during mid-day trading on Wednesday, reaching $7.93. 1,015,442 shares of the stock traded hands, compared to its average volume of 1,251,567. The stock's fifty day simple moving average is $7.38 and its two-hundred day simple moving average is $8.86. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 28.32 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.

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 firm had revenue of $154.54 million for the quarter. On average, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, June 13th. Empire State Realty Trust's payout ratio is 46.67%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of 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. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a report 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 target on the stock in a research note on Tuesday, March 25th. 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 research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Empire State Realty Trust currently has an average rating of "Hold" and an average target price of $10.43.

Insider Activity

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 transaction of $46,405.37. Following the sale, the executive vice president now directly owns 56,028 shares of the company's stock, valued at approximately $449,904.84. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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.

About Empire State Realty Trust

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.