Norges Bank Invests $8.57 Million in Empire State Realty Trust, Inc. (NYSE:ESRT)

Norges Bank bought a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRTFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 884,510 shares of the real estate investment trust’s stock, valued at approximately $8,571,000. Norges Bank owned about 0.54% of Empire State Realty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Empire State Realty Trust in the fourth quarter valued at approximately $34,000. Federated Hermes Inc. acquired a new position in Empire State Realty Trust in the third quarter valued at approximately $59,000. Spirit of America Management Corp NY acquired a new position in Empire State Realty Trust in the fourth quarter valued at approximately $87,000. QRG Capital Management Inc. acquired a new position in Empire State Realty Trust in the third quarter valued at approximately $109,000. Finally, New York State Teachers Retirement System acquired a new position in Empire State Realty Trust in the fourth quarter valued at approximately $115,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Up 0.6 %

NYSE:ESRT opened at $9.34 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.23. The stock’s fifty day moving average is $9.39 and its two-hundred day moving average is $9.59. Empire State Realty Trust, Inc. has a 52 week low of $6.57 and a 52 week high of $10.32. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 5.71 and a beta of 1.36.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, June 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 46.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.33.

Get Our Latest Analysis on Empire State Realty Trust

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.

See Also

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

Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.