Pursue Wealth Partners LLC Makes New $182,000 Investment in Empire State Realty Trust, Inc. (NYSE:ESRT)

Pursue Wealth Partners LLC bought a new position in Empire State Realty Trust, Inc. (NYSE:ESRT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,795 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Empire State Realty Trust in the 4th quarter worth approximately $34,000. Federated Hermes Inc. purchased a new position in shares of Empire State Realty Trust in the 3rd quarter worth approximately $59,000. Spirit of America Management Corp NY purchased a new position in shares of Empire State Realty Trust in the 4th quarter worth approximately $87,000. New York State Teachers Retirement System purchased a new position in shares of Empire State Realty Trust in the 4th quarter worth approximately $115,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Empire State Realty Trust in the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Empire State Realty Trust stock traded up $0.09 during trading on Friday, hitting $9.21. The stock had a trading volume of 891,030 shares, compared to its average volume of 987,687. 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 quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $9.67 and its two-hundred day moving average is $9.37. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30.

Empire State Realty Trust Announces Dividend

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

Analysts Set New Price Targets

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

Empire State Realty Trust 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.