Wolverine Asset Management LLC Has $45,000 Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Wolverine Asset Management LLC decreased its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 86.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,618 shares of the real estate investment trust’s stock after selling 28,274 shares during the quarter. Wolverine Asset Management LLC’s holdings in Empire State Realty Trust were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Empire State Realty Trust during the third quarter valued at about $515,000. Asset Management One Co. Ltd. raised its stake in shares of Empire State Realty Trust by 2.5% during the third quarter. Asset Management One Co. Ltd. now owns 216,064 shares of the real estate investment trust’s stock valued at $1,737,000 after acquiring an additional 5,284 shares during the last quarter. Monument Capital Management bought a new stake in shares of Empire State Realty Trust in the third quarter worth $403,000. Verdence Capital Advisors LLC raised its position in Empire State Realty Trust by 5.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 32,950 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Empire State Realty Trust by 14.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,563 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 7,987 shares during the period. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock opened at $9.21 on Monday. The business has a 50-day simple moving average of $9.67 and a 200 day simple moving average of $9.37. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 3.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04. Empire State Realty Trust, Inc. has a one year low of $5.43 and a one year high of $10.32.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given 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 payout ratio is 46.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.