Today: Empire State Realty Trust Inc. Announces Quarterly Dividend of $0.11 (esrt)

Today: Empire State Realty Trust Inc. Announces Quarterly Dividend of $0.11 (esrt)

Empire State Realty Trust Inc. (NYSE:esrt) announced a quarterly dividend on Friday, November 25th. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.105 per share by the real estate investment trust on Thursday, December 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, December 13th.

Shares of Empire State Realty Trust (NYSE:ESRT) opened at 19.92 on Monday. The stock has a 50 day moving average price of $19.66 and a 200-day moving average price of $19.98. The company has a market capitalization of $3.09 billion, a P/E ratio of 58.76 and a beta of 1.00. Empire State Realty Trust has a one year low of $14.58 and a one year high of $22.31.

Several analysts have recently issued reports on ESRT shares. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. BTIG Research started coverage on Empire State Realty Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $24.00 price target for the company. TheStreet downgraded Empire State Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Finally, BMO Capital Markets set a $24.00 price target on Empire State Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Empire State Realty Trust presently has an average rating of “Buy” and an average price target of $21.17.

A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new stake in shares of Empire State Realty Trust during the second quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Empire State Realty Trust by 9.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,450 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 552 shares during the last quarter. Invictus RG acquired a new stake in shares of Empire State Realty Trust during the second quarter valued at $131,000. Barclays PLC increased its stake in shares of Empire State Realty Trust by 1.3% in the second quarter. Barclays PLC now owns 9,701 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 123 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of Empire State Realty Trust during the second quarter valued at $201,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.

Empire State Realty Trust Company Profile

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