Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 727,158 shares of the real estate investment trust’s stock after buying an additional 40,042 shares during the period. Nordea Investment Management AB owned approximately 0.44% of Empire State Realty Trust worth $7,482,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Empire State Realty Trust during the 3rd quarter valued at $25,000. Signaturefd LLC grew its holdings in shares of Empire State Realty Trust by 81.6% during the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,524 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Empire State Realty Trust by 3,139.1% in 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. grew its stake in Empire State Realty Trust by 35.5% during the 3rd 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 in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Empire State Realty Trust during the third quarter worth approximately $115,000. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Down 1.6 %

Shares of Empire State Realty Trust stock opened at $9.76 on Friday. The stock has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $10.55. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust, Inc. has a 12-month low of $8.78 and a 12-month high of $11.62. The stock has a market capitalization of $1.63 billion, a P/E ratio of 36.15 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. The firm had revenue of $199.60 million during the quarter. During the same quarter in the previous year, the business earned $0.25 EPS. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.93 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 Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.43%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 51.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ESRT. BMO Capital Markets lifted 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. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd.

Insider Transactions at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 3,193 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total value of $34,803.70. Following the completion of the transaction, the executive vice president now owns 96,807 shares of the company’s stock, valued at $1,055,196.30. This represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.95% of the stock is currently owned by corporate insiders.

About Empire State Realty Trust

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.