Empire State Realty Trust Inc (ESRT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 72.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,300 shares of the real estate investment trust’s stock after purchasing an additional 5,163 shares during the quarter. SG Americas Securities LLC’s holdings in Empire State Realty Trust were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ESRT. Daiwa Securities Group Inc. grew its stake in shares of Empire State Realty Trust by 0.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,322,597 shares of the real estate investment trust’s stock worth $150,407,000 after acquiring an additional 20,312 shares during the period. BlackRock Inc. grew its stake in shares of Empire State Realty Trust by 3.3% in the second quarter. BlackRock Inc. now owns 7,131,040 shares of the real estate investment trust’s stock worth $148,111,000 after acquiring an additional 229,390 shares during the period. Resolution Capital Ltd grew its stake in shares of Empire State Realty Trust by 11.6% in the third quarter. Resolution Capital Ltd now owns 6,051,122 shares of the real estate investment trust’s stock worth $124,290,000 after acquiring an additional 628,944 shares during the period. Alliancebernstein L.P. grew its stake in shares of Empire State Realty Trust by 4.7% in the second quarter. Alliancebernstein L.P. now owns 4,444,929 shares of the real estate investment trust’s stock worth $92,321,000 after acquiring an additional 198,972 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Empire State Realty Trust by 11.0% in the second quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock worth $86,070,000 after acquiring an additional 411,503 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of Empire State Realty Trust stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the transaction, the chairman now owns 156,416 shares of the company’s stock, valued at $3,198,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.80% of the stock is owned by insiders.

Shares of Empire State Realty Trust Inc (NYSE ESRT) traded down $0.09 during midday trading on Thursday, reaching $19.16. 765,990 shares of the company traded hands, compared to its average volume of 941,749. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93. The company has a market capitalization of $3,060.00, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 4.71 and a beta of 0.98. Empire State Realty Trust Inc has a 12 month low of $19.10 and a 12 month high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The firm had revenue of $122.39 million for the quarter, compared to analysts’ expectations of $122.22 million. During the same period in the prior year, the firm earned $0.26 EPS. Empire State Realty Trust’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts predict that Empire State Realty Trust Inc will post 0.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio is currently 105.00%.

A number of brokerages have recently commented on ESRT. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 price target for the company in a research note on Monday, October 16th. TheStreet upgraded shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and issued a $23.00 price target on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Finally, Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price for the company in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.50.

TRADEMARK VIOLATION NOTICE: “Empire State Realty Trust Inc (ESRT) Shares Bought by SG Americas Securities LLC” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2018/01/11/empire-state-realty-trust-inc-esrt-stake-increased-by-sg-americas-securities-llc.html.

Empire State Realty Trust 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.

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

Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply