Cramer Rosenthal Mcglynn LLC reduced its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,225,688 shares of the real estate investment trust’s stock after selling 25,120 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.77% of Empire State Realty Trust worth $25,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ESRT. The Manufacturers Life Insurance Company raised its position in Empire State Realty Trust by 9.4% during the second 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 raised its position in Empire State Realty Trust by 13.8% during the second 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. Quantbot Technologies LP acquired a new position in Empire State Realty Trust during the third quarter valued at approximately $153,000. Advisor Group Inc. raised its position in Empire State Realty Trust by 22.1% during the second 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Empire State Realty Trust by 15.3% during the second 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. Institutional investors and hedge funds own 82.51% of the company’s stock.

Several research analysts have commented on the stock. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective for the company in a research report on Monday. TheStreet downgraded shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. BMO Capital Markets restated a “buy” rating and set a $23.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Empire State Realty Trust currently has a consensus rating of “Hold” and an average target price of $22.50.

Empire State Realty Trust Inc (NYSE ESRT) opened at $20.57 on Tuesday. The stock has a market cap of $3,216.73, a price-to-earnings ratio of 20.91, a PEG ratio of 5.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.93 and a current ratio of 4.93. Empire State Realty Trust Inc has a 1-year low of $19.54 and a 1-year high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $122.39 million for the quarter, compared to analyst estimates of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. research analysts predict that Empire State Realty Trust Inc will post 0.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.42 annualized dividend and a dividend yield of 2.04%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 107.70%.

COPYRIGHT VIOLATION NOTICE: “Empire State Realty Trust Inc (ESRT) Shares Sold by Cramer Rosenthal Mcglynn LLC” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://theolympiareport.com/2017/12/05/empire-state-realty-trust-inc-esrt-shares-sold-by-cramer-rosenthal-mcglynn-llc.html.

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.

Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust Inc (NYSE:ESRT).

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

Receive News & Ratings for Empire State Realty Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.