Empire State Realty Trust, Inc. (NYSE:ESRT) Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,112,217 shares of the real estate investment trust’s stock after buying an additional 37,015 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Empire State Realty Trust worth $185,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. QRG Capital Management Inc. increased its stake in shares of Empire State Realty Trust by 20.5% during the fourth quarter. QRG Capital Management Inc. now owns 16,297 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,776 shares during the period. GAMMA Investing LLC acquired a new position in shares of Empire State Realty Trust during the 4th quarter valued at $34,000. Van ECK Associates Corp raised its stake in shares of Empire State Realty Trust by 23.6% in the 4th quarter. Van ECK Associates Corp now owns 21,602 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 4,127 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Empire State Realty Trust by 23.1% in the fourth quarter. Moody National Bank Trust Division now owns 30,693 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 5,750 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Empire State Realty Trust by 4.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 154,142 shares of the real estate investment trust’s stock valued at $1,494,000 after buying an additional 5,900 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT opened at $9.35 on Wednesday. The company has a market capitalization of $1.54 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 5.73 and a beta of 1.40. 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 stock has a fifty day moving average of $9.30 and a 200-day moving average of $9.60. Empire State Realty Trust, Inc. has a one year low of $7.25 and a one year high of $10.32.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, June 14th. Empire State Realty Trust’s dividend payout ratio is 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.33.

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.