Massachusetts Financial Services Co. MA Has $88.50 Million Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Massachusetts Financial Services Co. MA decreased its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,132,613 shares of the real estate investment trust's stock after selling 1,831,157 shares during the quarter. Massachusetts Financial Services Co. MA owned 5.62% of Empire State Realty Trust worth $88,495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Empire State Realty Trust during the 4th quarter worth $34,000. Federated Hermes Inc. purchased a new stake in Empire State Realty Trust in the third quarter valued at approximately $59,000. Spirit of America Management Corp NY acquired a new stake in Empire State Realty Trust during the 4th quarter worth $87,000. QRG Capital Management Inc. acquired a new stake in shares of Empire State Realty Trust during the third quarter worth about $109,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Empire State Realty Trust in the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Price Performance

NYSE:ESRT traded down $0.09 during mid-day trading on Thursday, hitting $9.67. 641,089 shares of the company's stock traded hands, compared to its average volume of 1,100,736. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 3.24. The firm's 50 day simple moving average is $9.56 and its 200 day simple moving average is $9.52. Empire State Realty Trust, Inc. has a 1 year low of $5.43 and a 1 year high of $10.32. The company has a market cap of $1.59 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 4.63 and a beta of 1.32.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 14th. Empire State Realty Trust's payout ratio is 46.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, April 27th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.33.

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.