O Shaughnessy Asset Management LLC Sells 49,099 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

O Shaughnessy Asset Management LLC cut its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,900 shares of the real estate investment trust’s stock after selling 49,099 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.13% of Empire State Realty Trust worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Empire State Realty Trust by 16.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,596,894 shares of the real estate investment trust’s stock valued at $16,480,000 after buying an additional 227,953 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Empire State Realty Trust by 9.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 184,842 shares of the real estate investment trust’s stock worth $1,908,000 after acquiring an additional 15,400 shares in the last quarter. Norges Bank purchased a new stake in shares of Empire State Realty Trust during the fourth quarter worth $4,725,000. JPMorgan Chase & Co. boosted its holdings in shares of Empire State Realty Trust by 5.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,709,524 shares of the real estate investment trust’s stock worth $17,642,000 after acquiring an additional 93,539 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Empire State Realty Trust by 10.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 90,321 shares of the real estate investment trust’s stock valued at $927,000 after purchasing an additional 8,537 shares during the period. Institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ESRT shares. Wolfe Research upgraded Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Tuesday, March 25th. StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday.

Empire State Realty Trust Price Performance

Shares of NYSE ESRT opened at $7.23 on Friday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 25.80 and a beta of 1.39. 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 stock’s 50-day simple moving average is $8.66 and its two-hundred day simple moving average is $9.96. Empire State Realty Trust, Inc. has a twelve month low of $6.95 and a twelve month high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last announced its 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 business had revenue of $155.13 million for the quarter, compared to the consensus estimate of $192.62 million. As a group, equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.94%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $8.11, for a total value of $101,375.00. Following the completion of the sale, the executive vice president now owns 74,307 shares of the company’s stock, valued at $602,629.77. This represents a 14.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 30,122 shares of company stock valued at $242,761 over the last 90 days. 14.01% of the stock is owned by insiders.

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.