Charles Schwab Investment Management Inc. Trims Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,677,422 shares of the real estate investment trust’s stock after selling 81,447 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Empire State Realty Trust were worth $37,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust in the third quarter valued at $25,000. Loomis Sayles & Co. L P increased its holdings in Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 4,332 shares in the last quarter. Versor Investments LP purchased a new position in Empire State Realty Trust in the fourth quarter valued at $105,000. Quadrature Capital Ltd purchased a new position in Empire State Realty Trust in the third quarter valued at $115,000. Finally, Longboard Asset Management LP purchased a new position in Empire State Realty Trust in the fourth quarter valued at $137,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Up 0.2 %

Shares of NYSE ESRT opened at $8.02 on Friday. The company’s 50-day simple moving average is $9.20 and its 200-day simple moving average is $10.23. Empire State Realty Trust, Inc. has a 52-week low of $7.88 and a 52-week high of $11.62. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 28.63 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.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. The firm had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. Equities analysts predict that Empire State Realty Trust, Inc. will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.75%. Empire State Realty Trust’s payout ratio is presently 50.00%.

Insider Buying and Selling

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust 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 transaction, the executive vice president now directly owns 86,807 shares of the company’s stock, valued at $876,750.70. The trade was a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

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.