Empire State Realty Trust Inc (ESRT) Shares Sold by Pendal Group Ltd

Pendal Group Ltd reduced its holdings in Empire State Realty Trust Inc (NYSE:ESRT) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,200 shares of the real estate investment trust’s stock after selling 4,900 shares during the quarter. Pendal Group Ltd owned about 0.07% of Empire State Realty Trust worth $1,897,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Empire State Realty Trust in the second quarter valued at about $137,000. Teachers Insurance & Annuity Association of America grew its position in shares of Empire State Realty Trust by 3.5% in the second quarter. Teachers Insurance & Annuity Association of America now owns 173,806 shares of the real estate investment trust’s stock valued at $2,972,000 after purchasing an additional 5,871 shares during the last quarter. RVB Capital Management LLC lifted its stake in shares of Empire State Realty Trust by 12.0% in the second quarter. RVB Capital Management LLC now owns 700,000 shares of the real estate investment trust’s stock valued at $11,970,000 after buying an additional 75,000 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Empire State Realty Trust by 6.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 441,624 shares of the real estate investment trust’s stock valued at $7,552,000 after buying an additional 28,683 shares during the period. Finally, Green Street Investors LLC lifted its stake in shares of Empire State Realty Trust by 54.8% in the second quarter. Green Street Investors LLC now owns 234,800 shares of the real estate investment trust’s stock valued at $4,015,000 after buying an additional 83,100 shares during the period. 73.23% of the stock is currently owned by institutional investors.

NYSE ESRT opened at $15.99 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. Empire State Realty Trust Inc has a twelve month low of $15.45 and a twelve month high of $20.93. The stock has a market capitalization of $2.75 billion, a P/E ratio of 17.38, a P/E/G ratio of 6.48 and a beta of 0.88.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a net margin of 12.39% and a return on equity of 4.48%. The company had revenue of $123.62 million during the quarter, compared to the consensus estimate of $123.49 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Empire State Realty Trust Inc will post 0.89 earnings per share for the current year.

Several equities research analysts recently weighed in on ESRT shares. BTIG Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Finally, Bank of America cut shares of Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.50.

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Empire State Realty Trust Company Profile

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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