26,862 Shares in Empire State Realty Trust Inc (ESRT) Acquired by TLP Group LLC

TLP Group LLC acquired a new stake in shares of Empire State Realty Trust Inc (NYSE:ESRT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,862 shares of the real estate investment trust’s stock, valued at approximately $451,000.

A number of other large investors have also recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new stake in Empire State Realty Trust during the fourth quarter valued at approximately $208,000. Verition Fund Management LLC bought a new stake in Empire State Realty Trust during the first quarter valued at approximately $214,000. Amica Retiree Medical Trust bought a new stake in Empire State Realty Trust during the fourth quarter valued at approximately $336,000. JOYN Advisors Inc. bought a new stake in Empire State Realty Trust during the fourth quarter valued at approximately $337,000. Finally, Wealthstreet Investment Advisors LLC bought a new stake in Empire State Realty Trust during the fourth quarter valued at approximately $345,000. 77.25% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the stock. Evercore ISI lowered shares of Empire State Realty Trust from an “outperform” rating to an “inline” rating in a research report on Monday. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. BMO Capital Markets set a $20.00 target price on shares of Empire State Realty Trust and gave the company a “buy” rating in a research report on Tuesday, February 27th. Stifel Nicolaus dropped their target price on shares of Empire State Realty Trust from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, ValuEngine lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.67.

Shares of ESRT traded up $0.02 during mid-day trading on Thursday, reaching $16.80. The company’s stock had a trading volume of 5,929 shares, compared to its average volume of 1,295,854. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 4.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a quick ratio of 9.00 and a current ratio of 9.00. Empire State Realty Trust Inc has a 52 week low of $15.94 and a 52 week high of $21.52.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). The business had revenue of $122.31 million during the quarter, compared to the consensus estimate of $122.72 million. Empire State Realty Trust had a return on equity of 3.94% and a net margin of 10.85%. equities research analysts predict that Empire State Realty Trust Inc will post 0.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.50%. Empire State Realty Trust’s payout ratio is 43.75%.

In other Empire State Realty Trust news, major shareholder Quark Holding Llc acquired 284,015 shares of the stock in a transaction dated Thursday, May 31st. The stock was purchased at an average cost of $16.72 per share, for a total transaction of $4,748,730.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.50% of the company’s stock.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE:ESRT), a leading real estate investment trust (REIT), 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 world's most famous building.

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

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