Duality Advisers LP Reduces Stock Position in Empire State Realty Trust, Inc. (NYSE:ESRT)

Duality Advisers LP cut its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,632 shares of the real estate investment trust’s stock after selling 3,391 shares during the period. Duality Advisers LP’s holdings in Empire State Realty Trust were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Federated Hermes Inc. purchased a new position in Empire State Realty Trust in the third quarter worth approximately $59,000. Spirit of America Management Corp NY purchased a new position in Empire State Realty Trust in the fourth quarter worth approximately $87,000. New York State Teachers Retirement System purchased a new position in Empire State Realty Trust in the fourth quarter worth approximately $115,000. QRG Capital Management Inc. purchased a new position in Empire State Realty Trust in the third quarter worth approximately $109,000. Finally, Stokes Family Office LLC grew its position in Empire State Realty Trust by 27.5% in the third quarter. Stokes Family Office LLC now owns 17,158 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 3,696 shares during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to 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 Trading Down 2.7 %

ESRT opened at $9.11 on Friday. Empire State Realty Trust, Inc. has a 52 week low of $5.43 and a 52 week high of $10.32. The business has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.35. The firm has a market cap of $1.49 billion, a P/E ratio of 30.37, a P/E/G ratio of 3.44 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.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.54%. Empire State Realty Trust’s dividend payout ratio is currently 46.67%.

About Empire State Realty Trust

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.