Empire State Realty Trust, Inc. (ESRT) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC cut its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 312,328 shares of the real estate investment trust’s stock after selling 492 shares during the period. Teachers Advisors LLC owned approximately 0.20% of Empire State Realty Trust worth $6,446,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ESRT. Daiwa Securities Group Inc. boosted its stake in Empire State Realty Trust by 0.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,109,814 shares of the real estate investment trust’s stock worth $126,106,000 after buying an additional 43,573 shares in the last quarter. Resolution Capital Ltd boosted its stake in Empire State Realty Trust by 16.8% in the first quarter. Resolution Capital Ltd now owns 5,678,278 shares of the real estate investment trust’s stock worth $117,200,000 after buying an additional 815,100 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Empire State Realty Trust by 26.1% in the first quarter. Alliancebernstein L.P. now owns 4,245,957 shares of the real estate investment trust’s stock worth $87,637,000 after buying an additional 878,264 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Empire State Realty Trust by 225.1% in the first quarter. Bank of New York Mellon Corp now owns 2,106,742 shares of the real estate investment trust’s stock worth $43,484,000 after buying an additional 1,458,678 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Empire State Realty Trust during the fourth quarter worth about $26,057,000. 84.09% of the stock is currently owned by institutional investors.

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) opened at 20.45 on Friday. Empire State Realty Trust, Inc. has a 12 month low of $18.62 and a 12 month high of $22.31. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 52.17 and a beta of 1.01. The firm’s 50-day moving average price is $20.54 and its 200-day moving average price is $20.86.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.105 dividend. 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 (DPR) is 107.70%.

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A number of research firms have weighed in on ESRT. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $21.00 price target on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. BidaskClub upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet upgraded Empire State Realty Trust from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. Finally, BMO Capital Markets set a $23.00 target price on Empire State Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Empire State Realty Trust currently has a consensus rating of “Hold” and a consensus target price 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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