Empire State Realty Trust Inc (ESRT) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd decreased its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,832,423 shares of the real estate investment trust’s stock after selling 73,302 shares during the period. AMP Capital Investors Ltd owned 1.79% of Empire State Realty Trust worth $58,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ESRT. The Manufacturers Life Insurance Company increased its holdings in shares of Empire State Realty Trust by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 479 shares during the period. SG Americas Securities LLC increased its holdings in shares of Empire State Realty Trust by 13.8% during the 2nd 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 during the period. Quantbot Technologies LP bought a new position in shares of Empire State Realty Trust during the 3rd quarter worth about $153,000. Advisor Group Inc. increased its holdings in shares of Empire State Realty Trust by 22.1% during the 2nd quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,510 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Empire State Realty Trust by 15.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 1,122 shares during the period. 82.51% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on ESRT shares. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet downgraded shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. BMO Capital Markets restated a “buy” rating and set a $23.00 price objective on shares of Empire State Realty Trust in a report on Wednesday, November 1st. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.50.

Empire State Realty Trust Inc (NYSE:ESRT) traded down $0.26 during midday trading on Wednesday, reaching $20.31. 654,800 shares of the company were exchanged, compared to its average volume of 867,324. The company has a market capitalization of $3,262.73, a PE ratio of 21.21, a P/E/G ratio of 5.22 and a beta of 0.98. Empire State Realty Trust Inc has a twelve month low of $19.54 and a twelve month high of $21.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.93 and a current ratio of 4.93.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The business had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. equities analysts predict that Empire State Realty Trust Inc will post 0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.42 dividend on an annualized basis and a yield of 2.07%. Empire State Realty Trust’s payout ratio is currently 107.70%.

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About Empire State Realty Trust

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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