JPMorgan Chase & Co. grew its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 11,951.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,134 shares of the real estate investment trust’s stock after acquiring an additional 49,718 shares during the quarter. JPMorgan Chase & Co.’s holdings in Empire State Realty Trust were worth $1,041,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Empire State Realty Trust by 8.1% during the first quarter. Vanguard Group Inc. now owns 22,461,415 shares of the real estate investment trust’s stock worth $463,603,000 after buying an additional 1,676,832 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Empire State Realty Trust by 19.5% during the second quarter. Daiwa Securities Group Inc. now owns 7,302,285 shares of the real estate investment trust’s stock worth $151,669,000 after buying an additional 1,192,471 shares in the last quarter. BlackRock Inc. lifted its position in Empire State Realty Trust by 3,596.9% during the first quarter. BlackRock Inc. now owns 6,901,650 shares of the real estate investment trust’s stock worth $142,448,000 after buying an additional 6,714,963 shares in the last quarter. American Century Companies Inc. lifted its position in Empire State Realty Trust by 11.0% during the second quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock worth $86,070,000 after buying an additional 411,503 shares in the last quarter. Finally, AEW Capital Management L P lifted its position in Empire State Realty Trust by 1.8% during the second quarter. AEW Capital Management L P now owns 3,332,900 shares of the real estate investment trust’s stock worth $69,224,000 after buying an additional 59,700 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a research report on Monday. BidaskClub upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $21.00 price objective on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

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Shares of Empire State Realty Trust, Inc. (ESRT) opened at 20.72 on Friday. The firm has a market cap of $3.29 billion, a PE ratio of 52.86 and a beta of 1.01. The firm’s 50-day moving average price is $20.55 and its 200 day moving average price is $20.76. Empire State Realty Trust, Inc. has a 1-year low of $18.62 and a 1-year high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The company had revenue of $120.80 million for the quarter, compared to analyst estimates of $118.81 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Empire State Realty Trust, Inc. will post $0.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 14th. Empire State Realty Trust’s dividend payout ratio is presently 107.70%.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)

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