Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 82.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 91,400 shares of the real estate investment trust’s stock after acquiring an additional 41,400 shares during the period. Y.D. More Investments Ltd owned about 0.06% of Empire State Realty Trust worth $886,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in shares of Empire State Realty Trust by 4,430.5% in the fourth quarter. Federated Hermes Inc. now owns 334,167 shares of the real estate investment trust’s stock valued at $3,238,000 after buying an additional 326,791 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of Empire State Realty Trust by 650.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 300,970 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 260,840 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Empire State Realty Trust by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,040,085 shares of the real estate investment trust’s stock valued at $24,442,000 after buying an additional 177,050 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Empire State Realty Trust by 34.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 512,450 shares of the real estate investment trust’s stock valued at $4,120,000 after purchasing an additional 129,944 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Empire State Realty Trust in the third quarter valued at about $953,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

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 research note on Saturday. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.33.

Empire State Realty Trust Stock Performance

Shares of NYSE ESRT traded up $0.16 during trading hours on Wednesday, reaching $9.26. The stock had a trading volume of 1,774,464 shares, compared to its average volume of 1,128,976. Empire State Realty Trust, Inc. has a fifty-two week low of $5.43 and a fifty-two week high of $10.32. The firm has a 50-day moving average of $9.64 and a 200-day moving average of $9.40. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 3.41 and a beta of 1.30.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 46.67%.

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.