Perpetual Ltd Has $4.90 Million Stock Position in Empire State Realty Trust Inc (NYSE:ESRT)

Perpetual Ltd trimmed its position in Empire State Realty Trust Inc (NYSE:ESRT) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,157 shares of the real estate investment trust’s stock after selling 101,987 shares during the quarter. Perpetual Ltd owned approximately 0.19% of Empire State Realty Trust worth $4,904,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ESRT. Daiwa Securities Group Inc. grew its position in shares of Empire State Realty Trust by 7.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,900 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,700 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Empire State Realty Trust by 2.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 63,468 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 1,740 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Empire State Realty Trust by 10.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,757 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 2,594 shares during the period. SG Americas Securities LLC grew its position in shares of Empire State Realty Trust by 27.8% during the 1st quarter. SG Americas Securities LLC now owns 19,483 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 4,233 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Empire State Realty Trust during the 1st quarter worth about $67,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Shares of NYSE:ESRT traded down $0.22 during trading on Friday, hitting $13.11. 1,131,972 shares of the company’s stock traded hands, compared to its average volume of 1,149,508. Empire State Realty Trust Inc has a 52 week low of $12.77 and a 52 week high of $17.86. The company has a current ratio of 6.10, a quick ratio of 6.10 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.32 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 5.88 and a beta of 0.75. The firm has a 50-day simple moving average of $14.57.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Empire State Realty Trust had a net margin of 8.81% and a return on equity of 3.26%. The business had revenue of $141.10 million for the quarter, compared to the consensus estimate of $133.31 million. During the same quarter last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts forecast that Empire State Realty Trust Inc will post 0.85 EPS for the current year.

Several equities analysts have recently issued reports on the company. ValuEngine lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets set a $19.00 price objective on Empire State Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 24th.

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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