Advisors Asset Management Inc. raised its position in Empire State Realty Trust Inc (NYSE:ESRT) by 264.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,045 shares of the real estate investment trust’s stock after acquiring an additional 37,043 shares during the quarter. Advisors Asset Management Inc.’s holdings in Empire State Realty Trust were worth $241,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Long Pond Capital LP acquired a new stake in shares of Empire State Realty Trust during the second quarter worth approximately $40,943,000. Citadel Advisors LLC grew its position in shares of Empire State Realty Trust by 109.7% during the second quarter. Citadel Advisors LLC now owns 3,444,342 shares of the real estate investment trust’s stock worth $58,899,000 after buying an additional 1,801,601 shares in the last quarter. Heitman Real Estate Securities LLC grew its position in shares of Empire State Realty Trust by 300.4% during the first quarter. Heitman Real Estate Securities LLC now owns 2,222,530 shares of the real estate investment trust’s stock worth $40,834,000 after buying an additional 1,667,399 shares in the last quarter. Resolution Capital Ltd grew its position in shares of Empire State Realty Trust by 18.7% during the second quarter. Resolution Capital Ltd now owns 8,685,500 shares of the real estate investment trust’s stock worth $148,522,000 after buying an additional 1,369,762 shares in the last quarter. Finally, FMR LLC grew its position in shares of Empire State Realty Trust by 56.9% during the second quarter. FMR LLC now owns 2,512,906 shares of the real estate investment trust’s stock worth $42,971,000 after buying an additional 911,543 shares in the last quarter. 73.41% of the stock is owned by institutional investors.

In other news, CFO David A. Karp acquired 4,500 shares of Empire State Realty Trust stock in a transaction that occurred on Monday, July 30th. The shares were purchased at an average cost of $16.19 per share, for a total transaction of $72,855.00. Following the completion of the purchase, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $89,045. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.50% of the company’s stock.

A number of analysts have recently weighed in on ESRT shares. BTIG Research downgraded shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Tuesday, July 31st. Zacks Investment Research cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Bank of America cut Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Empire State Realty Trust currently has an average rating of “Hold” and a consensus price target of $20.86.

Shares of ESRT opened at $15.73 on Friday. Empire State Realty Trust Inc has a 12-month low of $15.61 and a 12-month high of $21.09. The firm has a market cap of $2.79 billion, a P/E ratio of 16.39, a PEG ratio of 4.69 and a beta of 0.92. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.97.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Empire State Realty Trust had a return on equity of 4.62% and a net margin of 12.72%. The firm had revenue of $124.04 million for the quarter, compared to analysts’ expectations of $122.58 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts predict that Empire State Realty Trust Inc will post 0.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, September 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 43.75%.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), 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 world's most famous building.

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

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