Empire State Realty Trust, Inc. (NYSE:ESRT) Position Lessened by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,627 shares of the real estate investment trust’s stock after selling 1,355 shares during the quarter. Amalgamated Bank’s holdings in Empire State Realty Trust were worth $113,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Empire State Realty Trust by 3.3% during the third quarter. Teacher Retirement System of Texas now owns 93,626 shares of the real estate investment trust’s stock valued at $753,000 after buying an additional 2,963 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Empire State Realty Trust by 3.9% in the third quarter. Nisa Investment Advisors LLC now owns 60,559 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 2,254 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Empire State Realty Trust by 51.3% during the third quarter. Principal Financial Group Inc. now owns 96,162 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 32,606 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Empire State Realty Trust by 3.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 148,242 shares of the real estate investment trust’s stock valued at $1,192,000 after purchasing an additional 5,042 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its holdings in 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 worth $2,420,000 after purchasing an additional 260,840 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Up 0.1 %

Shares of ESRT stock opened at $9.03 on Friday. Empire State Realty Trust, Inc. has a 1 year low of $5.83 and a 1 year high of $10.32. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 3.24. The business’s fifty day moving average is $9.49 and its 200-day moving average is $9.55. The stock has a market cap of $1.49 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 5.60 and a beta of 1.32.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, June 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, Empire State Realty Trust presently has an average rating of “Hold” and an average target price of $8.33.

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.