Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
NEW YORK - Empire State Realty Trust, Inc. (NYSE: NYSE:ESRT), a REIT with a market capitalization of $2.6 billion and strong financial health according to InvestingPro metrics, has declared dividends for the first quarter of 2025, with payments scheduled for Class A and Class B common stockholders, as well as holders of various operating partnership units. The company announced that a dividend of $0.035 per share will be payable to stockholders of its common stock and to holders of Empire State Realty OP, L.P.’s (ESRO) Series ES, Series 250, and Series 60 operating partnership units, which are traded on NYSE Arca under the tickers ESBA, FISK, and OGCP, respectively. Additionally, a dividend of $0.15 per unit will be paid to holders of ESRO’s Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit to holders of the Series 2019 Private Perpetual Preferred Units. The company maintains a healthy current ratio of 4.44, indicating strong liquidity to meet its obligations.
These dividends are slated for distribution in cash on March 31, 2025, to those recorded as stockholders or unitholders at the close of business on March 14, 2025. This move reflects the company’s regular practice of returning value to its investors and maintaining its commitment to shareholder dividends.
Empire State Realty Trust is a real estate investment trust (REIT) with a focus on properties in New York City. The trust’s portfolio includes the iconic Empire State Building, known for its Observatory, which has been recognized as a top global attraction. InvestingPro analysis indicates the company is currently trading above its Fair Value, with a P/E ratio of 34.3x and a gross profit margin of 54%. The company prides itself on its energy efficiency and indoor environmental quality standards. As of the end of the previous year, Empire State Realty Trust’s holdings encompassed approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 732 residential units. The company generated revenue of $758.4 million in the last twelve months, with a solid free cash flow yield that suggests efficient capital management. For detailed financial analysis and additional insights, investors can access more than 30 key metrics and ProTips through InvestingPro.
The announcement is based on a press release statement from Empire State Realty Trust, Inc. While the company looks forward to the future, they caution that forward-looking statements involve risks and uncertainties that could impact actual results. The company regularly files with the SEC, providing updates and insights into its performance and strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.