Empire State Realty Trust Inc (NYSE:ESRT) Chairman Anthony E. Malkin sold 1,243,163 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the completion of the sale, the chairman now directly owns 156,416 shares of the company’s stock, valued at $3,198,707.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Empire State Realty Trust Inc (ESRT) traded down $0.06 during mid-day trading on Wednesday, reaching $20.25. 706,866 shares of the company’s stock were exchanged, compared to its average volume of 866,641. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93. Empire State Realty Trust Inc has a fifty-two week low of $19.54 and a fifty-two week high of $21.98. The company has a market capitalization of $3,262.73, a PE ratio of 21.21, a price-to-earnings-growth ratio of 5.22 and a beta of 0.98.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $122.39 million for the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. equities research analysts forecast that Empire State Realty Trust Inc will post 0.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio is currently 107.70%.

Several brokerages recently issued reports on ESRT. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price target for the company in a research note on Monday. TheStreet downgraded shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.50.

Several institutional investors and hedge funds have recently modified their holdings of ESRT. The Manufacturers Life Insurance Company boosted its stake in shares of Empire State Realty Trust by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 479 shares during the period. SG Americas Securities LLC boosted its stake in shares of Empire State Realty Trust by 13.8% during the second quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 865 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Empire State Realty Trust during the third quarter valued at $153,000. Advisor Group Inc. boosted its stake in shares of Empire State Realty Trust by 22.1% during the second quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,510 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Empire State Realty Trust by 15.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,122 shares during the period. 82.51% of the stock is owned by hedge funds and other institutional investors.

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About Empire State Realty Trust

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

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