1 week Ago By Defense World Staff
Norges Bank bought a new stake in Empire State Realty Trust, Inc. ( NYSE:ESRT – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 457,829 shares of the real estate investment trust’s stock, valued at approximately $4,725,000.
Norges Bank owned about 0.27% of Empire State Realty Trust at the end of the most recent quarter. A number of other large investors also recently made changes to their positions in ESRT.
Vanguard Group Inc. grew its holdings in Empire State Realty Trust by 2.4% in the 4th quarter.
Vanguard Group Inc. now owns 19,844,999 shares of the real estate investment trust’s stock valued at $204,800,000 after buying an additional 461,421 shares in the last quarter. Barclays PLC boosted its position in shares of 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 valued at $3,374,000 after acquiring an additional 173,965 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Empire State Realty Trust by 143.
8% in the fourth 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. Jane Street Group LLC grew its stake in shares of Empire State Realty Trust by 95.
4% in the third 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 in the last quarter. Finally, FMR LLC increased its position in Empire State Realty Trust by 28.
2% during the third quarter. FMR LLC now owns 467,285 shares of the real estate investment trust’s stock worth $5,178,000 after acquiring an additional 102,658 shares during the period. Institutional investors own 67.
10% of the company’s stock. Analysts Set New Price Targets ESRT has been the subject of a number of recent research reports. Wolfe Research raised shares of Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.
00 price objective for the company in a report on Tuesday, March 25th. StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd.
Empire State Realty Trust Trading Up 6.5 % ESRT opened at $7.23 on Thursday.
The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.82 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, Inc.
has a twelve month low of $6.56 and a twelve month high of $11.62.
The company has a 50-day simple moving average of $8.42 and a 200 day simple moving average of $9.82.
Empire State Realty Trust ( NYSE:ESRT – Get Free Report ) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.
05 by $0.19. The company had revenue of $155.
13 million during the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a net margin of 6.
45% and a return on equity of 2.84%. 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 announced a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, March 14th were issued a $0.035 dividend. This represents a $0.
14 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, March 14th.
Empire State Realty Trust’s dividend payout ratio is presently 50.00%. Insider Activity In other news, EVP Thomas P.
Durels sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $8.11, for a total value of $101,375.
00. Following the sale, the executive vice president now directly owns 74,307 shares in the company, valued at approximately $602,629.77.
This trade represents a 14.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
In the last quarter, insiders have sold 30,122 shares of company stock worth $242,761. Insiders own 13.95% of the company’s stock.
About Empire State Realty Trust ( Free Report ) 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.
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