Sanctuary Advisors LLC Invests $257,000 in Empire State Realty Trust, Inc. (NYSE:ESRT)

Sanctuary Advisors LLC acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,236 shares of the real estate investment trust’s stock, valued at approximately $257,000.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust during the 3rd quarter worth $25,000. Signaturefd LLC lifted its position in Empire State Realty Trust by 81.6% in the third quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,524 shares during the period. Loomis Sayles & Co. L P increased its position in 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 purchasing an additional 4,332 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 worth $59,000 after buying an additional 1,419 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Empire State Realty Trust in the third quarter valued at approximately $115,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ESRT. BMO Capital Markets increased their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report 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. Finally, Wells Fargo & Company upped their target price on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Insider Activity at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total value of $101,000.00. Following the completion of the transaction, the executive vice president now owns 86,807 shares of the company’s stock, valued at approximately $876,750.70. The trade was a 10.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.95% of the stock is owned by corporate insiders.

Empire State Realty Trust Stock Down 1.9 %

Empire State Realty Trust stock opened at $10.19 on Friday. Empire State Realty Trust, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.62. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 37.74 and a beta of 1.40. The stock’s fifty day moving average is $10.80 and its two-hundred day moving average is $10.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data 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 business had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. During the same quarter last year, the firm posted $0.25 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 16th. Empire State Realty Trust’s payout ratio is currently 51.85%.

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.