Strs Ohio reduced its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,199 shares of the real estate investment trust’s stock after selling 3,923 shares during the quarter. Strs Ohio owned about 0.10% of Empire State Realty Trust worth $3,290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ESRT. The Manufacturers Life Insurance Company boosted its stake in shares of Empire State Realty Trust by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 479 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Empire State Realty Trust by 13.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 865 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Empire State Realty Trust by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,510 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Empire State Realty Trust by 15.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Empire State Realty Trust by 44.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,578 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 2,653 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) opened at 20.05 on Wednesday. Empire State Realty Trust, Inc. has a 1-year low of $18.62 and a 1-year high of $21.98. The firm has a market capitalization of $3.18 billion, a P/E ratio of 51.15 and a beta of 1.01. The stock has a 50 day moving average of $20.50 and a 200-day moving average of $20.70.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. On average, equities analysts expect that Empire State Realty Trust, Inc. will post $0.92 earnings per share for the current year.

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ESRT has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Empire State Realty Trust

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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