Empire State Realty Trust Inc (NYSE:ESRT) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 13,170,000 shares, an increase of 11.3% from the June 30th total of 11,830,000 shares. Currently, 9.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,350,000 shares, the short-interest ratio is currently 3.9 days.

NYSE ESRT traded down $0.03 during trading on Friday, reaching $6.60. 1,558,569 shares of the company’s stock traded hands, compared to its average volume of 2,043,428. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 8.34 and a beta of 0.75. The company’s 50 day simple moving average is $6.94 and its two-hundred day simple moving average is $9.47. Empire State Realty Trust has a 12-month low of $6.26 and a 12-month high of $14.99.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $144.66 million. Empire State Realty Trust had a net margin of 3.97% and a return on equity of 1.45%. Research analysts expect that Empire State Realty Trust will post 0.6 earnings per share for the current fiscal year.

ESRT has been the subject of a number of research reports. ValuEngine raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Citigroup cut shares of Empire State Realty Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $15.00 to $7.50 in a research note on Tuesday, April 7th. Finally, Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, June 25th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Empire State Realty Trust presently has a consensus rating of “Hold” and an average price target of $11.50.

Several institutional investors have recently modified their holdings of ESRT. Southeastern Asset Management Inc. TN purchased a new position in shares of Empire State Realty Trust in the 1st quarter worth approximately $62,111,000. V3 Capital Management L.P. purchased a new position in shares of Empire State Realty Trust in the 1st quarter worth approximately $26,497,000. Norges Bank purchased a new position in shares of Empire State Realty Trust in the 4th quarter worth approximately $26,555,000. Cohen & Steers Inc. grew its position in shares of Empire State Realty Trust by 9.0% in the 1st quarter. Cohen & Steers Inc. now owns 21,453,645 shares of the real estate investment trust’s stock worth $192,225,000 after buying an additional 1,763,284 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Empire State Realty Trust by 24.3% in the 1st quarter. Legal & General Group Plc now owns 2,088,808 shares of the real estate investment trust’s stock worth $18,715,000 after buying an additional 407,788 shares during the last quarter. 79.53% of the stock is currently owned by hedge funds and other institutional investors.

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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