Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 1,471.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,158 shares of the real estate investment trust’s stock after buying an additional 134,050 shares during the period. Bank of Montreal Can owned 0.09% of Empire State Realty Trust worth $2,974,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in Empire State Realty Trust during the first quarter worth approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Empire State Realty Trust by 8.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,318 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 569 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Empire State Realty Trust by 42.7% in the first quarter. First Mercantile Trust Co. now owns 10,830 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 3,240 shares during the last quarter. TLP Group LLC boosted its position in shares of Empire State Realty Trust by 8,421.5% in the first quarter. TLP Group LLC now owns 11,504 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 11,369 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Empire State Realty Trust during the first quarter worth about $357,000. Institutional investors own 84.09% of the company’s stock.

Shares of Empire State Realty Trust, Inc. (NYSE ESRT) opened at 20.45 on Friday. Empire State Realty Trust, Inc. has a one year low of $18.62 and a one year high of $22.31. The company has a 50 day moving average price of $20.54 and a 200 day moving average price of $20.86. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 52.17 and a beta of 1.01.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $118.81 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 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Equities analysts predict that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 14th. Empire State Realty Trust’s dividend payout ratio is currently 107.70%.

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A number of research analysts have issued reports on ESRT shares. BidaskClub cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 target price on shares of Empire State Realty Trust in a report on Thursday, June 22nd. BMO Capital Markets set a $23.00 target price on Empire State Realty Trust and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, TheStreet raised Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.20.

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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