Wolverine Asset Management LLC Trims Stock Holdings in Empire State Realty Trust, Inc. $ESRT

Wolverine Asset Management LLC decreased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,396,100 shares of the real estate investment trust’s stock after selling 165,374 shares during the period. Wolverine Asset Management LLC owned 0.82% of Empire State Realty Trust worth $9,103,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ESRT. Aster Capital Management DIFC Ltd bought a new position in shares of Empire State Realty Trust in the third quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new stake in Empire State Realty Trust during the second quarter valued at approximately $74,000. Abacus Wealth Partners LLC bought a new stake in Empire State Realty Trust during the third quarter valued at approximately $77,000. Oak Thistle LLC bought a new stake in Empire State Realty Trust during the fourth quarter valued at approximately $92,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Empire State Realty Trust during the third quarter valued at approximately $94,000. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Trading Up 0.3%

NYSE:ESRT opened at $5.64 on Monday. The company has a fifty day moving average of $5.41 and a 200 day moving average of $6.33. Empire State Realty Trust, Inc. has a 52 week low of $4.87 and a 52 week high of $8.76. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $964.94 million, a P/E ratio of 21.67 and a beta of 1.35.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.20 EPS for the quarter. Empire State Realty Trust had a net margin of 5.09% and a return on equity of 2.20%. The company had revenue of $166.10 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, research analysts predict that Empire State Realty Trust, Inc. will post 0.87 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, March 13th. Empire State Realty Trust’s dividend payout ratio is currently 53.85%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ESRT. Wells Fargo & Company dropped their target price on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research report on Wednesday, February 18th. Finally, Citigroup dropped their target price on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Empire State Realty Trust has a consensus rating of “Sell” and a consensus price target of $6.35.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.