Nisa Investment Advisors LLC Lowers Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Nisa Investment Advisors LLC decreased its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,149 shares of the real estate investment trust’s stock after selling 6,410 shares during the period. Nisa Investment Advisors LLC’s holdings in Empire State Realty Trust were worth $525,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ESRT. New York State Teachers Retirement System bought a new position in Empire State Realty Trust in the fourth quarter worth approximately $115,000. Spirit of America Management Corp NY bought a new position in Empire State Realty Trust in the fourth quarter worth approximately $87,000. Ritholtz Wealth Management raised its stake in Empire State Realty Trust by 34.0% in the fourth quarter. Ritholtz Wealth Management now owns 112,916 shares of the real estate investment trust’s stock worth $1,094,000 after buying an additional 28,681 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Empire State Realty Trust in the fourth quarter worth approximately $334,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Empire State Realty Trust in the fourth quarter worth approximately $229,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Price Performance

NYSE:ESRT opened at $8.92 on Thursday. Empire State Realty Trust, Inc. has a one year low of $5.43 and a one 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. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.32 and a beta of 1.30. The firm’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.29.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s payout ratio is 45.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.33.

About Empire State Realty Trust

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.