Empire State Realty Trust Inc (ESRT) Position Boosted by Resolution Capital Ltd

Resolution Capital Ltd increased its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 6,408,038 shares of the real estate investment trust’s stock after acquiring an additional 356,916 shares during the period. Empire State Realty Trust accounts for about 5.9% of Resolution Capital Ltd’s holdings, making the stock its 6th largest position. Resolution Capital Ltd’s holdings in Empire State Realty Trust were worth $131,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Empire State Realty Trust by 3.3% during the 2nd quarter. BlackRock Inc. now owns 7,131,040 shares of the real estate investment trust’s stock worth $148,111,000 after purchasing an additional 229,390 shares during the period. Eii Capital Management Inc. purchased a new stake in Empire State Realty Trust during the 3rd quarter worth about $797,000. Dimensional Fund Advisors LP increased its holdings in Empire State Realty Trust by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,155,539 shares of the real estate investment trust’s stock worth $44,274,000 after purchasing an additional 51,750 shares during the period. Asset Management One Co. Ltd. increased its holdings in Empire State Realty Trust by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 268,286 shares of the real estate investment trust’s stock worth $5,479,000 after purchasing an additional 6,816 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings 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 purchasing an additional 20,312 shares during the period. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Anthony E. Malkin sold 1,243,163 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.45, for a total value of $25,422,683.35. Following the transaction, the chairman now owns 156,416 shares in the company, valued at approximately $3,198,707.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.80% of the company’s stock.

Several brokerages have weighed in on ESRT. Zacks Investment Research downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Evercore ISI upgraded Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price target on the stock in a report on Monday, December 4th. TheStreet downgraded Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. BMO Capital Markets reiterated a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, BidaskClub downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.50.

Empire State Realty Trust Inc (NYSE ESRT) opened at $19.02 on Monday. Empire State Realty Trust Inc has a 1-year low of $18.72 and a 1-year high of $21.98. The company has a market capitalization of $3,016.88, a PE ratio of 48.77, a PEG ratio of 4.50 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93.

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Empire State Realty Trust Company 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.

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

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