FEB 7·MarketBeat→
Principal Financial Group Inc. Acquires 1,424,066 Shares of Empire State Realty Trust, Inc. $ESRT
Principal Financial Group Inc. increased its stake in Empire State Realty Trust, Inc. by 59.6% during the third quarter, acquiring an additional 1,424,066 shares to hold a total of 3,813,895 shares valued at approximately $29.2 million. Other institutional investors like Ameriprise Financial, Goldman Sachs, and Resolution Capital also boosted their positions, contributing to institutional ownership of 67.10% of the company's stock. Empire State Realty Trust, which owns the Empire State Building, recently declared a quarterly dividend of $0.035, yielding 2.1%.
JAN 5·MarketBeat▼
Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low - Time to Sell?
Empire State Realty Trust (NYSE:ESRT) shares recently hit a new 52-week low of $6.36 on high trading volume. Analysts have mixed but cautious outlooks, with a consensus "Hold" rating and an average price target of $8.40, despite a recent downgrade by Wells Fargo. The company pays a quarterly dividend of $0.035, yielding 2.2%, and institutional investors hold a significant portion of its shares, with recent increases in positions.
