Versor Investments LP Makes New $105,000 Investment in Empire State Realty Trust, Inc. (NYSE:ESRT)

Versor Investments LP purchased a new position in Empire State Realty Trust, Inc. (NYSE:ESRT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,200 shares of the real estate investment trust’s stock, valued at approximately $105,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust in the third quarter valued at about $25,000. Loomis Sayles & Co. L P raised its stake in shares of Empire State Realty Trust by 3,139.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 4,332 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,419 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at $115,000. Finally, Creative Planning boosted its position in shares of Empire State Realty Trust by 20.5% in the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 2,145 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ESRT has been the topic of several recent analyst reports. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets increased their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $8.56 on Wednesday. Empire State Realty Trust, Inc. has a 52 week low of $8.53 and a 52 week high of $11.62. The business’s 50 day moving average price is $9.54 and its 200 day moving average price is $10.36. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. The firm has a market cap of $1.43 billion, a P/E ratio of 30.55 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.05 by $0.19. The company had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. On average, sell-side analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 3,193 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total transaction of $34,803.70. Following the sale, the executive vice president now owns 96,807 shares of the company’s stock, valued at $1,055,196.30. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.95% of the stock is currently owned by corporate insiders.

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.