Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,813 shares of the real estate investment trust’s stock after selling 12,714 shares during the quarter. Ritholtz Wealth Management owned about 0.06% of Empire State Realty Trust worth $1,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ESRT. BNP Paribas Financial Markets lifted its holdings in shares of Empire State Realty Trust by 4.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 1,231 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Empire State Realty Trust by 35.5% in 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 period. Signaturefd LLC boosted its position in Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,524 shares in the last quarter. Sei Investments Co. grew its stake in shares of Empire State Realty Trust by 4.0% during the 2nd quarter. Sei Investments Co. now owns 49,131 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 1,882 shares during the period. Finally, Creative Planning increased its holdings in shares of Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $9.65 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a fifty day moving average of $10.50 and a 200 day moving average of $10.58. The firm has a market cap of $1.61 billion, a PE ratio of 35.72 and a beta of 1.41. Empire State Realty Trust, Inc. has a one year low of $8.78 and a one year high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The company had revenue of $199.60 million for the quarter. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, research analysts predict that Empire State Realty Trust, Inc. will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 1.45%. Empire State Realty Trust’s payout ratio is currently 51.85%.

Analyst Ratings Changes

Several research firms recently commented on ESRT. BMO Capital Markets raised their price target 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. StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th.

Insider Activity

In related news, EVP Thomas P. Durels sold 3,193 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total transaction of $34,803.70. Following the completion of the sale, the executive vice president now owns 96,807 shares of the company’s stock, valued at approximately $1,055,196.30. This represents a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.01% of the company’s stock.

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.