Spirit of America Management Corp NY Invests $87,000 in Empire State Realty Trust, Inc. (NYSE:ESRT)

Spirit of America Management Corp NY acquired a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRTFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,000 shares of the real estate investment trust’s stock, valued at approximately $87,000.

A number of other large investors have also bought and sold shares of ESRT. Vanguard Group Inc. increased its holdings in Empire State Realty Trust by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 23,240,809 shares of the real estate investment trust’s stock worth $228,226,000 after acquiring an additional 154,374 shares during the last quarter. BlackRock Inc. increased its stake in shares of Empire State Realty Trust by 2.7% in the second quarter. BlackRock Inc. now owns 14,428,621 shares of the real estate investment trust’s stock worth $108,070,000 after purchasing an additional 385,930 shares in the last quarter. State Street Corp raised its position in shares of Empire State Realty Trust by 0.4% in the second quarter. State Street Corp now owns 7,286,462 shares of the real estate investment trust’s stock valued at $51,224,000 after purchasing an additional 30,240 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Empire State Realty Trust by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,432,948 shares of the real estate investment trust’s stock valued at $27,601,000 after buying an additional 112,114 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Empire State Realty Trust by 6.2% in the 3rd 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 in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Trading Up 1.6 %

Shares of ESRT opened at $10.13 on Monday. Empire State Realty Trust, Inc. has a twelve month low of $5.43 and a twelve month high of $10.32. The stock has a market cap of $1.66 billion, a PE ratio of 32.68, a P/E/G ratio of 3.68 and a beta of 1.30. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $9.85 and its 200-day moving average price is $9.18.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 45.16%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.33.

View Our Latest Research Report on ESRT

Empire State Realty Trust Company Profile

(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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Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)

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