Cibc World Markets Corp Purchases New Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Cibc World Markets Corp acquired a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,759 shares of the real estate investment trust’s stock, valued at approximately $132,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Empire State Realty Trust by 392.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,288 shares of the real estate investment trust’s stock worth $12,180,000 after purchasing an additional 875,836 shares during the period. Barclays PLC raised its stake in Empire State Realty Trust by 133.2% in the third quarter. Barclays PLC now owns 304,539 shares of the real estate investment trust’s stock worth $3,374,000 after buying an additional 173,965 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Empire State Realty Trust by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,758,869 shares of the real estate investment trust’s stock worth $41,648,000 after buying an additional 171,056 shares during the period. Wolverine Asset Management LLC boosted its position in Empire State Realty Trust by 143.8% during the 4th quarter. Wolverine Asset Management LLC now owns 262,689 shares of the real estate investment trust’s stock valued at $2,711,000 after acquiring an additional 154,920 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Empire State Realty Trust by 95.4% in the 3rd quarter. Jane Street Group LLC now owns 228,587 shares of the real estate investment trust’s stock valued at $2,533,000 after acquiring an additional 111,589 shares during the period. 67.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas P. Durels sold 11,843 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.02, for a total value of $94,980.86. Following the completion of the transaction, the executive vice president now directly owns 44,185 shares in the company, valued at $354,363.70. This trade represents a 21.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 30,122 shares of company stock valued at $242,761. Insiders own 13.95% of the company’s stock.

Empire State Realty Trust Stock Down 1.4 %

Empire State Realty Trust stock opened at $7.93 on Friday. Empire State Realty Trust, Inc. has a 1-year low of $7.88 and a 1-year high of $11.62. The business has a fifty day moving average price of $8.90 and a 200-day moving average price of $10.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.34 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The business had revenue of $155.13 million during the quarter, compared to the consensus estimate of $192.62 million. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.76%. Empire State Realty Trust’s payout ratio is 50.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a report on Tuesday.

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.