Empire State Realty Trust Inc (ESRT) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,325,176 shares of the real estate investment trust’s stock after acquiring an additional 111,411 shares during the period. Bank of New York Mellon Corp owned about 1.48% of Empire State Realty Trust worth $47,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ESRT. BlackRock Inc. boosted its position in Empire State Realty Trust by 3.3% in the 2nd quarter. BlackRock Inc. now owns 7,131,040 shares of the real estate investment trust’s stock valued at $148,111,000 after buying an additional 229,390 shares during the last quarter. BT Investment Management Ltd acquired a new stake in Empire State Realty Trust during the 2nd quarter worth $2,526,000. American Century Companies Inc. raised its stake in Empire State Realty Trust by 11.0% during the 2nd quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock worth $86,070,000 after buying an additional 411,503 shares during the period. Legal & General Group Plc raised its stake in Empire State Realty Trust by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 746,979 shares of the real estate investment trust’s stock worth $15,515,000 after buying an additional 58,625 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Empire State Realty Trust by 0.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,322,597 shares of the real estate investment trust’s stock worth $150,407,000 after buying an additional 20,312 shares during the period. Institutional investors and hedge funds own 82.51% of the company’s stock.

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

Shares of Empire State Realty Trust Inc (ESRT) opened at $20.57 on Tuesday. Empire State Realty Trust Inc has a 12 month low of $19.54 and a 12 month high of $21.98. The stock has a market capitalization of $3,216.73, a PE ratio of 20.91, a price-to-earnings-growth ratio of 5.15 and a beta of 0.98. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $122.22 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts forecast that Empire State Realty Trust Inc will post 0.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio is 107.70%.

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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)

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