14,500 Shares in Empire State Realty Trust, Inc. (NYSE:ESRT) Purchased by Delta Financial Group Inc.

Delta Financial Group Inc. acquired a new stake 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 Securities & Exchange Commission. The institutional investor acquired 14,500 shares of the real estate investment trust’s stock, valued at approximately $150,000.

A number of other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Empire State Realty Trust by 4.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,391 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 1,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Empire State Realty Trust by 35.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,419 shares during the period. Signaturefd LLC lifted its position in shares of Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,524 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Empire State Realty Trust by 2.7% in the 4th quarter. State of Alaska Department of Revenue now owns 65,276 shares of the real estate investment trust’s stock valued at $672,000 after buying an additional 1,722 shares during the period. Finally, Creative Planning grew its position in shares of Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,145 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

NYSE ESRT opened at $8.68 on Monday. The company has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $10.41. Empire State Realty Trust, Inc. has a 52 week low of $8.60 and a 52 week high of $11.62. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 30.98 and a beta of 1.40. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.

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

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ESRT shares. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th.

Insider Activity

In related news, EVP Thomas P. Durels sold 3,193 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total transaction of $34,803.70. Following the transaction, the executive vice president now owns 96,807 shares in the company, valued at $1,055,196.30. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.95% of the company’s stock.

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.