Dynamic Technology Lab Private Ltd Buys New Holdings in Empire State Realty Trust Inc (ESRT)

Dynamic Technology Lab Private Ltd bought a new position in shares of Empire State Realty Trust Inc (NYSE:ESRT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,440 shares of the real estate investment trust’s stock, valued at approximately $255,000.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in Empire State Realty Trust by 9.4% during the second 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 in the last quarter. SG Americas Securities LLC raised its holdings in Empire State Realty Trust by 13.8% during the second 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 in the last quarter. Quantbot Technologies LP bought a new stake in Empire State Realty Trust during the third quarter worth approximately $153,000. Advisor Group Inc. raised its holdings in Empire State Realty Trust by 22.1% during the second 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Empire State Realty Trust by 15.3% during the second 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 in the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Inc (NYSE:ESRT) traded down $0.26 during trading on Wednesday, reaching $20.31. 654,800 shares of the company’s stock traded hands, compared to its average volume of 867,324. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.93 and a current ratio of 4.93. The firm has a market capitalization of $3,262.73, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 5.22 and a beta of 0.98. Empire State Realty Trust Inc has a 12-month low of $19.54 and a 12-month 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The business had revenue of $122.39 million during the quarter, compared to analyst estimates of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. analysts predict that Empire State Realty Trust Inc will post 0.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.105 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.42 annualized dividend and a yield of 2.07%. Empire State Realty Trust’s dividend payout ratio (DPR) is 107.70%.

ESRT has been the topic of several recent analyst reports. TheStreet raised Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and issued a $23.00 price target on shares of Empire State Realty Trust in a research report on Wednesday, November 1st. 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 on the stock in a research report on Monday, October 16th. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price target on the stock in a research report on Monday. Finally, BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.50.

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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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