William Blair Investment Management LLC Raises Stake in Empire State Realty Trust, Inc. (NYSE:ESRT)

William Blair Investment Management LLC raised its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,720,315 shares of the real estate investment trust’s stock after acquiring an additional 90,758 shares during the quarter. William Blair Investment Management LLC owned approximately 2.23% of Empire State Realty Trust worth $38,394,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Empire State Realty Trust in the third quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its position in shares of 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 buying an additional 4,332 shares during the last quarter. Versor Investments LP acquired a new position in shares of Empire State Realty Trust in the 4th quarter valued at $105,000. Quadrature Capital Ltd purchased a new position in shares of Empire State Realty Trust in the 3rd quarter valued at $115,000. Finally, Inspire Advisors LLC purchased a new position in shares of Empire State Realty Trust in the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Insider Transactions at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was 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 directly owns 86,807 shares of the company’s stock, valued at $876,750.70. This trade represents a 10.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Empire State Realty Trust Stock Up 2.3 %

Shares of NYSE ESRT opened at $8.21 on Tuesday. The stock has a market cap of $1.38 billion, a PE ratio of 29.30 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 52-week low of $7.88 and a 52-week high of $11.62. The business has a 50-day moving average price of $9.16 and a 200 day moving average price of $10.21.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. The firm had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. Equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 50.00%.

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.