Foundry Partners LLC Trims Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Foundry Partners LLC reduced its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,708 shares of the real estate investment trust's stock after selling 201,742 shares during the period. Foundry Partners LLC owned approximately 0.36% of Empire State Realty Trust worth $5,676,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Empire State Realty Trust by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,040,085 shares of the real estate investment trust's stock valued at $24,442,000 after buying an additional 177,050 shares during the last quarter. Invesco Ltd. raised its position in Empire State Realty Trust by 2.1% in the 3rd quarter. Invesco Ltd. now owns 792,663 shares of the real estate investment trust's stock valued at $6,373,000 after buying an additional 15,938 shares during the last quarter. UBS Group AG raised its position in Empire State Realty Trust by 12.4% in the 3rd quarter. UBS Group AG now owns 614,133 shares of the real estate investment trust's stock valued at $4,938,000 after buying an additional 67,567 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Empire State Realty Trust by 34.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 512,450 shares of the real estate investment trust's stock valued at $4,120,000 after purchasing an additional 129,944 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Empire State Realty Trust by 4,430.5% during the 4th quarter. Federated Hermes Inc. now owns 334,167 shares of the real estate investment trust's stock valued at $3,238,000 after purchasing an additional 326,791 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.33.

Empire State Realty Trust Price Performance

NYSE ESRT traded up $0.17 during trading hours on Monday, hitting $9.32. The company had a trading volume of 1,489,139 shares, compared to its average volume of 1,113,991. Empire State Realty Trust, Inc. has a 52 week low of $5.43 and a 52 week high of $10.32. The firm has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $9.34. The company has a debt-to-equity ratio of 1.29, a quick ratio of 7.04 and a current ratio of 7.04. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 3.32 and a beta of 1.30.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.50%. Empire State Realty Trust's dividend payout ratio (DPR) is presently 45.16%.

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.