Insider Transaction: Thomas Durels Sells $141K Worth Of Empire State Realty Trust Shares

Thomas Durels, EVP at Empire State Realty Trust ESRT, disclosed an insider sell on March 25, according to a recent SEC filing.

What Happened: After conducting a thorough analysis, Durels sold 17,622 shares of Empire State Realty Trust. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $141,386.

During Wednesday’s morning session, Empire State Realty Trust shares down by 0.0%, currently priced at $7.95.

About Empire State Realty Trust

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.

Empire State Realty Trust’s Economic Impact: An Analysis

Revenue Growth: Empire State Realty Trust’s revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 2.45%. This indicates a substantial increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.

Analyzing Profitability Metrics:

• Gross Margin: The company faces challenges with a low gross margin of 53.73%, suggesting potential difficulties in cost control and profitability compared to its peers.

• Earnings per Share (EPS): Empire State Realty Trust’s EPS reflects a decline, falling below the industry average with a current EPS of 0.07.

Debt Management: With a high debt-to-equity ratio of 2.41, Empire State Realty Trust faces challenges in effectively managing its debt levels, indicating potential financial strain.

Evaluating Valuation:

• Price to Earnings (P/E) Ratio: The current P/E ratio of 28.39 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.

• Price to Sales (P/S) Ratio: The P/S ratio of 2.79 is lower than the industry average, implying a discounted valuation for Empire State Realty Trust’s stock in relation to sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Empire State Realty Trust’s EV/EBITDA ratio at 9.09 suggests potential undervaluation, falling below industry averages.

Market Capitalization Analysis: Positioned below industry benchmarks, the company’s market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

The Relevance of Insider Transactions

Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.

Exploring the legal landscape, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.

Highlighted by a company insider’s new purchase, there’s a positive anticipation for the stock to rise.

But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.

Important Transaction Codes

Examining transactions, investors often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Empire State Realty Trust’s Insider Trades.

Insider Buying Alert: Profit from C-Suite Moves

Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.