AlphaQuest LLC Has $1.26 Million Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

AlphaQuest LLC lifted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 58.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 122,482 shares of the real estate investment trust’s stock after buying an additional 44,974 shares during the period. AlphaQuest LLC’s holdings in Empire State Realty Trust were worth $1,264,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vestcor Inc increased its stake in shares of Empire State Realty Trust by 308.6% during the 3rd quarter. Vestcor Inc now owns 125,231 shares of the real estate investment trust’s stock worth $1,388,000 after purchasing an additional 94,582 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Empire State Realty Trust by 6.5% in 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. Wolverine Asset Management LLC grew its stake in Empire State Realty Trust by 143.8% in the 4th quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust’s stock valued at $2,711,000 after buying an additional 154,920 shares during the last quarter. Vision Capital Corp grew its stake in Empire State Realty Trust by 79.9% in the 3rd quarter. Vision Capital Corp now owns 2,802,948 shares of the real estate investment trust’s stock valued at $31,057,000 after buying an additional 1,245,211 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Empire State Realty Trust by 95.4% in the 3rd quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock valued at $2,533,000 after buying an additional 111,589 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ESRT shares. StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. BMO Capital Markets raised their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

Insider Buying and Selling at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the transaction, the executive vice president now directly owns 86,807 shares of the company’s stock, valued at approximately $876,750.70. This trade represents a 10.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.95% of the company’s stock.

Empire State Realty Trust Price Performance

Shares of Empire State Realty Trust stock opened at $8.52 on Monday. 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 fifty-two week low of $8.40 and a fifty-two week high of $11.62. The firm has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $10.31. The company has a market cap of $1.43 billion, a PE ratio of 30.41 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. The firm had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS 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. Shareholders of record on Friday, March 14th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis 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 (DPR) is presently 50.00%.

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.