Empire State Realty Trust, Inc. (ESRT) Holdings Lifted by Utah Retirement Systems

Utah Retirement Systems raised its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,281 shares of the real estate investment trust’s stock after buying an additional 1,181 shares during the quarter. Utah Retirement Systems’ holdings in Empire State Realty Trust were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new stake in shares of Empire State Realty Trust during the first quarter worth about $122,000. SG Americas Securities LLC lifted its position in shares of 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 worth $148,000 after purchasing an additional 865 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Empire State Realty Trust by 8.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,318 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 569 shares in the last quarter. GAM Holding AG lifted its position in shares of Empire State Realty Trust by 4.8% during the second quarter. GAM Holding AG now owns 10,652 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 487 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its position in shares of Empire State Realty Trust by 4.6% during the second quarter. First Mercantile Trust Co. now owns 11,324 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 494 shares in the last quarter. 83.50% of the stock is currently owned by institutional investors.

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ESRT has been the topic of several research reports. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $21.00 price target on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. BMO Capital Markets set a $23.00 price target on shares of Empire State Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Evercore ISI initiated coverage on shares of Empire State Realty Trust in a research report on Wednesday, May 31st. They set an “in-line” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.75.

Shares of Empire State Realty Trust, Inc. (NYSE ESRT) opened at 20.49 on Friday. The stock’s 50 day moving average is $20.57 and its 200 day moving average is $20.80. Empire State Realty Trust, Inc. has a 12 month low of $18.62 and a 12 month high of $21.98. The firm has a market cap of $3.25 billion, a PE ratio of 52.26 and a beta of 1.01.

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

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

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.

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

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