Eaton Vance Management Acquires 430 Shares of Empire State Realty Trust, Inc. (ESRT)

Eaton Vance Management grew its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,718 shares of the real estate investment trust’s stock after buying an additional 430 shares during the period. Eaton Vance Management owned 0.05% of Empire State Realty Trust worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ESRT. Schroder Investment Management Group grew its holdings in shares of Empire State Realty Trust by 8.8% in the second quarter. Schroder Investment Management Group now owns 1,186,076 shares of the real estate investment trust’s stock valued at $24,469,000 after purchasing an additional 95,559 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Empire State Realty Trust in the second quarter valued at about $2,044,000. JPMorgan Chase & Co. grew its holdings in shares of Empire State Realty Trust by 11,951.4% in the second quarter. JPMorgan Chase & Co. now owns 50,134 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 49,718 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Empire State Realty Trust by 0.9% in the second quarter. Pinnacle Associates Ltd. now owns 10,090 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 90 shares during the period. Finally, IndexIQ Advisors LLC grew its holdings in shares of Empire State Realty Trust by 12.8% in the second quarter. IndexIQ Advisors LLC now owns 190,073 shares of the real estate investment trust’s stock valued at $3,948,000 after purchasing an additional 21,585 shares during the period. Institutional investors and hedge funds own 83.50% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 price objective on shares of Empire State Realty Trust in a report on Thursday, June 22nd. BMO Capital Markets set a $23.00 price objective on shares of Empire State Realty Trust and gave the company a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Evercore ISI assumed coverage on shares of Empire State Realty Trust in a report on Wednesday, May 31st. They issued an “in-line” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.75.

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Empire State Realty Trust, Inc. (NYSE ESRT) opened at 20.32 on Thursday. The firm’s 50-day moving average is $20.54 and its 200 day moving average is $20.77. Empire State Realty Trust, Inc. has a 52 week low of $18.62 and a 52 week high of $21.98. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 51.84 and a beta of 1.01.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, September 14th. Empire State Realty Trust’s dividend payout ratio is currently 107.70%.

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.

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

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