On December 24, 2024, [Thomas Durels](https://www.gurufocus.com/insider/86923/thomas-durels), Executive Vice President, Real Estate at Empire State Realty Trust Inc, sold 10,000 shares of the company, as reported in a [SEC Filing](http://www.sec.gov/Archives/edgar/data/1541401/000095017024140802/xslF345X01/ownership.xml). Following this transaction, the insider now owns 86,807 shares of the company.
Empire State Realty Trust Inc (ESRT, Financial) is a real estate investment trust (REIT) that owns, manages, operates, acquires, and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The company is known for its iconic Empire State Building, which is a key asset in its portfolio.
The insider transaction history for [Empire State Realty Trust Inc](https://www.gurufocus.com/stock/ESRT/summary) indicates that there have been no insider buys over the past year, while there have been two insider sells during the same period. Over the past year, [Thomas Durels](https://www.gurufocus.com/insider/86923/thomas-durels) has sold a total of 13,193 shares and has not purchased any shares.
On the day of the recent sale by [Thomas Durels](https://www.gurufocus.com/insider/86923/thomas-durels), shares of [Empire State Realty Trust Inc](https://www.gurufocus.com/stock/ESRT/summary) were trading at $10.10 each, giving the stock a [market cap](https://www.gurufocus.com/term/mktcap/ESRT) of $1.699 billion. The company's [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/ESRT) stands at 37.74, which is higher than the industry median of 15.38 but lower than the company's historical median price-earnings ratio.
With a trading price of $10.10 and a [GF Value](https://www.gurufocus.com/term/gf-value/ESRT) of $9.23, Empire State Realty Trust Inc has a price-to-GF-Value ratio of 1.09, indicating that the stock is fairly valued based on its GF Value.
The [GF Value](https://www.gurufocus.com/term/gf-value/ESRT) is an intrinsic value estimate developed by GuruFocus, calculated based on three factors:
- Historical multiples ([price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/ESRT), [price-sales ratio](https://www.gurufocus.com/term/ps-ratio/ESRT), [price-book ratio](https://www.gurufocus.com/term/pb-ratio/ESRT), and [price-to-free cash flow](https://www.gurufocus.com/term/price-to-free-cash-flow/ESRT)) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
