Empire State Realty Trust, Inc. (NYSE:ESRT) to Issue $0.04 Quarterly Dividend

Empire State Realty Trust, Inc. (NYSE:ESRTGet Free Report) announced a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.035 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th.

Empire State Realty Trust has decreased its dividend payment by an average of 0.1%annually over the last three years.

Empire State Realty Trust Trading Up 0.8%

ESRT stock traded up $0.05 during midday trading on Friday, reaching $5.45. 1,885,725 shares of the company traded hands, compared to its average volume of 2,263,312. Empire State Realty Trust has a 52-week low of $4.87 and a 52-week high of $8.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94. The business has a 50 day moving average of $5.49 and a 200-day moving average of $5.98. The firm has a market capitalization of $938.88 million, a price-to-earnings ratio of 20.94 and a beta of 1.35.

Institutional Investors Weigh In On Empire State Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. M&T Bank Corp grew its position in Empire State Realty Trust by 11.7% in the 2nd quarter. M&T Bank Corp now owns 12,961 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,360 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Empire State Realty Trust by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 70,992 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 1,418 shares during the last quarter. Amundi boosted its stake in shares of Empire State Realty Trust by 2.0% during the first quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 1,562 shares during the period. Van ECK Associates Corp boosted its stake in shares of Empire State Realty Trust by 4.4% during the third quarter. Van ECK Associates Corp now owns 40,169 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 1,707 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Empire State Realty Trust by 3.0% in the second quarter. Cerity Partners LLC now owns 64,449 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 1,896 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

About Empire State Realty Trust

(Get Free Report)

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.

Further Reading

Dividend History for Empire State Realty Trust (NYSE:ESRT)

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