T. Rowe Price Investment Management Inc. Grows Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

T. Rowe Price Investment Management Inc. lifted its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,711,719 shares of the real estate investment trust's stock after acquiring an additional 44,065 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.03% of Empire State Realty Trust worth $17,665,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its holdings in Empire State Realty Trust by 133.2% during the 3rd quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust's stock valued at $3,374,000 after acquiring an additional 173,965 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Empire State Realty Trust during the 3rd quarter worth approximately $257,000. Principal Financial Group Inc. grew its holdings in Empire State Realty Trust by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 98,013 shares of the real estate investment trust's stock valued at $1,086,000 after buying an additional 3,141 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Empire State Realty Trust by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,985 shares of the real estate investment trust's stock valued at $17,905,000 after buying an additional 98,850 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Empire State Realty Trust by 5.8% during the fourth quarter. Nordea Investment Management AB now owns 727,158 shares of the real estate investment trust's stock worth $7,482,000 after buying an additional 40,042 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 5,779 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.03, for a total transaction of $46,405.37. Following the transaction, the executive vice president now directly owns 56,028 shares of the company's stock, valued at approximately $449,904.84. The trade was a 9.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 30,122 shares of company stock worth $242,761. Corporate insiders own 14.60% of the company's stock.

Empire State Realty Trust Trading Up 2.6 %

ESRT stock traded up $0.19 during trading on Friday, reaching $7.39. 1,131,758 shares of the stock traded hands, compared to its average volume of 1,219,116. The business's 50 day moving average price is $7.71 and its 200-day moving average price is $9.36. The firm has a market capitalization of $1.24 billion, a PE ratio of 26.39 and a beta of 1.60. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. Empire State Realty Trust, Inc. has a 52-week low of $6.56 and a 52-week high of $11.62.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its earnings results 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 during 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 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.035 per share. The ex-dividend date was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.89%. Empire State Realty Trust's dividend payout ratio (DPR) is 46.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ESRT. StockNews.com raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Wolfe Research upgraded Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price target for the company in a report on Tuesday, March 25th. Finally, Citigroup reiterated a "neutral" rating on shares of Empire State Realty Trust in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.00.

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.