Empire State Realty Trust Inc (ESRT) Holdings Decreased by Stevens Capital Management LP

Stevens Capital Management LP reduced its position in Empire State Realty Trust Inc (NYSE:ESRT) by 31.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,221 shares of the real estate investment trust’s stock after selling 22,328 shares during the quarter. Stevens Capital Management LP’s holdings in Empire State Realty Trust were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of Empire State Realty Trust in the second quarter worth approximately $200,000. Eqis Capital Management Inc. bought a new position in shares of Empire State Realty Trust during the second quarter worth $172,000. Redpoint Investment Management Pty Ltd bought a new position in shares of Empire State Realty Trust during the third quarter worth $169,000. State Board of Administration of Florida Retirement System bought a new position in shares of Empire State Realty Trust during the second quarter worth $184,000. Finally, Levin Capital Strategies L.P. bought a new position in shares of Empire State Realty Trust during the second quarter worth $205,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Shares of NYSE:ESRT opened at $16.19 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. Empire State Realty Trust Inc has a fifty-two week low of $15.19 and a fifty-two week high of $20.93. The firm has a market cap of $2.86 billion, a P/E ratio of 16.86, a P/E/G ratio of 6.52 and a beta of 0.89.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a return on equity of 4.48% and a net margin of 12.39%. The company had revenue of $123.62 million for the quarter, compared to the consensus estimate of $123.49 million. During the same quarter in the prior year, the company posted $0.26 EPS. Empire State Realty Trust’s revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Empire State Realty Trust Inc will post 0.89 earnings per share for the current year.

A number of brokerages recently weighed in on ESRT. ValuEngine upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.00.

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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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