Empire State Realty Trust, Inc. (ESRT) Shares Sold by AEW Capital Management L P

AEW Capital Management L P reduced its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,277,100 shares of the real estate investment trust’s stock after selling 55,800 shares during the quarter. Empire State Realty Trust accounts for approximately 1.7% of AEW Capital Management L P’s holdings, making the stock its 22nd biggest position. AEW Capital Management L P owned 2.06% of Empire State Realty Trust worth $67,312,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ESRT. Westpac Banking Corp increased its holdings in Empire State Realty Trust by 3.6% in the 3rd quarter. Westpac Banking Corp now owns 397,590 shares of the real estate investment trust’s stock valued at $8,166,000 after buying an additional 13,870 shares during the period. Nationwide Fund Advisors increased its holdings in Empire State Realty Trust by 449.5% in the 3rd quarter. Nationwide Fund Advisors now owns 331,663 shares of the real estate investment trust’s stock valued at $6,812,000 after buying an additional 271,306 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Empire State Realty Trust in the 3rd quarter valued at $679,000. Perpetual Ltd bought a new stake in Empire State Realty Trust in the 2nd quarter valued at $6,216,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Empire State Realty Trust by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 52,989 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Empire State Realty Trust, Inc. (ESRT) Shares Sold by AEW Capital Management L P” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/01/empire-state-realty-trust-inc-esrt-shares-sold-by-aew-capital-management-l-p.html.

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) traded down 0.75% during midday trading on Wednesday, reaching $19.90. 943,654 shares of the company’s stock traded hands. The stock has a 50 day moving average of $20.50 and a 200-day moving average of $20.70. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 50.77 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 $21.98.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $122.39 million during the quarter, compared to analyst estimates of $122.22 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. On average, equities research analysts expect that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

Several equities research analysts have issued reports on ESRT shares. BidaskClub raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.

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.

Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust, Inc. (NYSE:ESRT).

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

What are top analysts saying about Empire State Realty Trust Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Empire State Realty Trust Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit