Empire State Realty Trust Inc (NYSE:ESRT) Position Increased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 3.9% in the 2nd quarter, Holdings Channel reports. The fund owned 308,528 shares of the real estate investment trust’s stock after buying an additional 11,491 shares during the period. Wells Fargo & Company MN’s holdings in Empire State Realty Trust were worth $4,569,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ESRT. Geode Capital Management LLC grew its position in shares of Empire State Realty Trust by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 1,379,817 shares of the real estate investment trust’s stock worth $19,634,000 after acquiring an additional 105,149 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Empire State Realty Trust by 27.8% during the first quarter. SG Americas Securities LLC now owns 19,483 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 4,233 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Empire State Realty Trust by 2.8% during the first 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 acquiring an additional 1,740 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Empire State Realty Trust by 4.2% during the first quarter. New York State Common Retirement Fund now owns 263,200 shares of the real estate investment trust’s stock worth $4,159,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Crawford Investment Counsel Inc. grew its position in shares of Empire State Realty Trust by 23.3% during the first quarter. Crawford Investment Counsel Inc. now owns 154,140 shares of the real estate investment trust’s stock worth $2,435,000 after acquiring an additional 29,140 shares during the last quarter. Institutional investors and hedge funds own 77.22% of the company’s stock.

ESRT stock traded up $0.10 during trading on Thursday, hitting $14.07. The company had a trading volume of 7,027 shares, compared to its average volume of 1,528,942. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 6.31 and a beta of 0.75. The business has a 50 day moving average of $13.70 and a 200 day moving average of $14.99. Empire State Realty Trust Inc has a fifty-two week low of $12.77 and a fifty-two week high of $16.84. The company has a current ratio of 6.10, a quick ratio of 6.10 and a debt-to-equity ratio of 1.00.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $141.10 million during the quarter, compared to analyst estimates of $133.31 million. Empire State Realty Trust had a return on equity of 3.26% and a net margin of 8.81%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. As a group, equities analysts predict that Empire State Realty Trust Inc will post 0.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, September 13th. Empire State Realty Trust’s payout ratio is currently 42.86%.

Several research firms recently weighed in on ESRT. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. Citigroup reduced their price objective on shares of Empire State Realty Trust from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. ValuEngine downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BMO Capital Markets downgraded shares of Empire State Realty Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $19.00 to $15.00 in a report on Friday, September 6th.

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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