Pursue Wealth Partners LLC Buys Shares of 18,795 Empire State Realty Trust, Inc. (NYSE:ESRT)

Pursue Wealth Partners LLC bought a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the fourth quarter, Holdings Channel reports. The fund bought 18,795 shares of the real estate investment trust’s stock, valued at approximately $182,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Empire State Realty Trust by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,040,085 shares of the real estate investment trust’s stock valued at $24,442,000 after acquiring an additional 177,050 shares in the last quarter. Invesco Ltd. grew its position in Empire State Realty Trust by 2.1% in the 3rd quarter. Invesco Ltd. now owns 792,663 shares of the real estate investment trust’s stock worth $6,373,000 after purchasing an additional 15,938 shares during the period. Foundry Partners LLC grew its position in Empire State Realty Trust by 16.0% in the 3rd quarter. Foundry Partners LLC now owns 787,450 shares of the real estate investment trust’s stock worth $6,331,000 after purchasing an additional 108,590 shares during the period. UBS Group AG grew its position in Empire State Realty Trust by 12.4% in the 3rd quarter. UBS Group AG now owns 614,133 shares of the real estate investment trust’s stock worth $4,938,000 after purchasing an additional 67,567 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Empire State Realty Trust by 34.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 512,450 shares of the real estate investment trust’s stock worth $4,120,000 after acquiring an additional 129,944 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock traded up $0.09 on Friday, hitting $9.21. 891,030 shares of the company’s stock were exchanged, compared to its average volume of 987,687. The company has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $9.37. The stock has a market capitalization of $1.51 billion, a PE ratio of 30.70, a PEG ratio of 3.38 and a beta of 1.30. Empire State Realty Trust, Inc. has a 1 year low of $5.43 and a 1 year high of $10.32. The company has a debt-to-equity ratio of 1.29, a quick ratio of 7.04 and a current ratio of 7.04.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 46.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.33.

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.