Empire State Realty Trust, Inc. (ESRT) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 54.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 290,277 shares of the real estate investment trust’s stock after selling 353,834 shares during the period. Credit Suisse AG’s holdings in Empire State Realty Trust were worth $5,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ESRT. PNC Financial Services Group Inc. raised its position in shares of Empire State Realty Trust by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 87,653 shares of the real estate investment trust’s stock worth $1,809,000 after buying an additional 352 shares during the period. Loeb Partners Corp raised its position in shares of Empire State Realty Trust by 1.9% in the first quarter. Loeb Partners Corp now owns 21,200 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Empire State Realty Trust by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,713 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 587 shares during the period. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Empire State Realty Trust by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 55,800 shares of the real estate investment trust’s stock worth $1,152,000 after buying an additional 1,600 shares during the period. Institutional investors own 83.22% of the company’s stock.

Empire State Realty Trust, Inc. (NYSE:ESRT) opened at 20.32 on Friday. The company has a 50-day moving average price of $20.84 and a 200-day moving average price of $20.81. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 53.76 and a beta of 1.01. Empire State Realty Trust, Inc. has a 52 week low of $18.62 and a 52 week high of $22.31.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Empire State Realty Trust had a net margin of 11.02% and a return on equity of 3.88%. The company had revenue of $164.95 million during the quarter, compared to the consensus estimate of $118.20 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Empire State Realty Trust’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.42 annualized dividend and a yield of 2.07%. Empire State Realty Trust’s dividend payout ratio is presently 110.53%.

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A number of brokerages recently issued reports on ESRT. BMO Capital Markets set a $23.00 target price on Empire State Realty Trust and gave the stock a “buy” rating in a research note on Saturday, May 13th. TheStreet lowered Empire State Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $21.00 target price on shares of Empire State Realty Trust in a research note on Thursday, June 22nd. Finally, Evercore ISI began coverage on Empire State Realty Trust in a research note on Wednesday, May 31st. They issued an “in-line” rating and a $23.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average 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.

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