EntryPoint Capital LLC Buys Shares of 28,683 Empire State Realty Trust, Inc. (NYSE:ESRT)

EntryPoint Capital LLC purchased a new position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,683 shares of the real estate investment trust’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ESRT. Point72 Asia Singapore Pte. Ltd. bought a new stake in Empire State Realty Trust during the third quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its stake in shares of Empire State Realty Trust by 3,139.1% in the third quarter. Loomis Sayles & Co. L P now owns 4,470 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 4,332 shares during the last quarter. Versor Investments LP bought a new stake in shares of Empire State Realty Trust during the 4th quarter worth $105,000. Quadrature Capital Ltd acquired a new position in Empire State Realty Trust in the 3rd quarter valued at $115,000. Finally, Inspire Advisors LLC bought a new position in Empire State Realty Trust in the 4th quarter worth $125,000. Institutional investors own 67.10% of the company’s stock.

Insider Buying and Selling

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 11,843 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.02, for a total transaction of $94,980.86. Following the completion of the transaction, the executive vice president now owns 44,185 shares in the company, valued at $354,363.70. This trade represents a 21.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 30,122 shares of company stock valued at $242,761 over the last ninety days. 13.95% of the stock is owned by company insiders.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $7.93 on Friday. The company’s fifty day moving average is $8.90 and its two-hundred day moving average is $10.08. Empire State Realty Trust, Inc. has a 52-week low of $7.88 and a 52-week high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.34 and a beta of 1.39.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. The business had revenue of $155.13 million for the quarter, compared to the consensus estimate of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. Equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.76%. Empire State Realty Trust’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ESRT shares. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wolfe Research raised Empire State Realty Trust from a “peer perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Tuesday.

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.