Empire State Realty Trust Inc (ESRT) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC raised its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 186.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,506 shares of the real estate investment trust’s stock after purchasing an additional 23,776 shares during the period. Verition Fund Management LLC’s holdings in Empire State Realty Trust were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in Empire State Realty Trust by 264.6% during the second quarter. Advisors Asset Management Inc. now owns 51,045 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 37,043 shares in the last quarter. Putnam Investments LLC increased its holdings in shares of Empire State Realty Trust by 452.6% during the second quarter. Putnam Investments LLC now owns 173,171 shares of the real estate investment trust’s stock worth $2,961,000 after buying an additional 141,831 shares in the last quarter. Forsta AP Fonden acquired a new position in shares of Empire State Realty Trust during the second quarter worth $503,000. Vident Investment Advisory LLC increased its holdings in shares of Empire State Realty Trust by 96.0% during the second quarter. Vident Investment Advisory LLC now owns 23,765 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 11,637 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Empire State Realty Trust during the second quarter worth $530,000. Institutional investors and hedge funds own 73.41% of the company’s stock.

Several brokerages have recently issued reports on ESRT. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Evercore ISI downgraded shares of Empire State Realty Trust from an “outperform” rating to an “inline” rating in a report on Monday, June 11th. Bank of America downgraded shares of Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, August 7th. Finally, 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 report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.86.

In related news, CFO David A. Karp acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average cost of $16.19 per share, for a total transaction of $72,855.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $89,045. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.50% of the stock is currently owned by corporate insiders.

Shares of NYSE:ESRT opened at $16.29 on Thursday. The firm has a market cap of $2.76 billion, a PE ratio of 17.31, a P/E/G ratio of 4.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 7.10 and a quick ratio of 7.10. Empire State Realty Trust Inc has a 52-week low of $15.94 and a 52-week high of $21.09.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $124.04 million during the quarter, compared to the consensus estimate of $122.58 million. Empire State Realty Trust had a net margin of 12.72% and a return on equity of 4.62%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. sell-side analysts anticipate that Empire State Realty Trust Inc will post 0.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.42 annualized dividend and a dividend yield of 2.58%. 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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