Wolverine Asset Management LLC Sells 165,374 Shares of Empire State Realty Trust, Inc. $ESRT

Wolverine Asset Management LLC reduced its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,396,100 shares of the real estate investment trust’s stock after selling 165,374 shares during the quarter. Wolverine Asset Management LLC’s holdings in Empire State Realty Trust were worth $9,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi increased its position in Empire State Realty Trust by 2.0% during the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 1,562 shares during the period. AQR Capital Management LLC increased its position in Empire State Realty Trust by 35.9% during the 1st quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 7,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Empire State Realty Trust by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 4,535 shares during the period. Goldman Sachs Group Inc. increased its position in Empire State Realty Trust by 137.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock valued at $24,284,000 after purchasing an additional 1,798,850 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Empire State Realty Trust by 9.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock valued at $8,869,000 after purchasing an additional 98,148 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Evercore set a $7.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, February 18th. Citigroup reduced their price objective on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Empire State Realty Trust has a consensus rating of “Sell” and an average target price of $6.35.

Empire State Realty Trust Stock Up 0.3%

NYSE:ESRT opened at $5.64 on Monday. The firm’s 50-day moving average price is $5.41 and its 200-day moving average price is $6.33. The company has a market capitalization of $964.94 million, a PE ratio of 21.67 and a beta of 1.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.67 and a quick ratio of 1.67. Empire State Realty Trust, Inc. has a 1-year low of $4.87 and a 1-year high of $8.76.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.20 earnings per share for the quarter. The firm had revenue of $166.10 million for the quarter. Empire State Realty Trust had a net margin of 5.09% and a return on equity of 2.20%. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, equities analysts predict that Empire State Realty Trust, Inc. will post 0.87 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.5%. Empire State Realty Trust’s dividend payout ratio is currently 53.85%.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.