Voloridge Investment Management LLC Has $113,000 Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Voloridge Investment Management LLC lessened its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 96.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,963 shares of the real estate investment trust's stock after selling 340,537 shares during the quarter. Voloridge Investment Management LLC's holdings in Empire State Realty Trust were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 461,421 shares during the period. Ameriprise Financial Inc. raised its position in Empire State Realty Trust by 42.4% during 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 purchasing an additional 2,750,045 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Empire State Realty Trust by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 3,720,315 shares of the real estate investment trust's stock worth $38,394,000 after buying an additional 90,758 shares during the period. Geode Capital Management LLC grew its position in shares of Empire State Realty Trust by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,419,970 shares of the real estate investment trust's stock worth $35,302,000 after buying an additional 13,045 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Empire State Realty Trust by 26.3% during the fourth 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 during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Up 0.5%

Empire State Realty Trust stock traded up $0.04 during mid-day trading on Wednesday, hitting $7.93. The company had a trading volume of 1,015,442 shares, compared to its average volume of 1,253,176. The business has a fifty day moving average of $7.38 and a 200 day moving average of $8.86. 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, Inc. has a 1 year low of $6.56 and a 1 year high of $11.62. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 28.32 and a beta of 1.60.

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. The business had revenue of $154.54 million during the quarter. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. On average, sell-side analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 is Friday, June 13th. Empire State Realty Trust's payout ratio is 46.67%.

Insider Transactions at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 11,843 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $8.02, for a total transaction of $94,980.86. Following the completion of the transaction, the executive vice president now directly owns 44,185 shares of the company's stock, valued at approximately $354,363.70. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 30,122 shares of company stock worth $242,761. 14.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ESRT shares. Wells Fargo & Company decreased their price objective on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating for the company in a research note on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Wolfe Research raised 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. Finally, Wall Street Zen cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.43.

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.