Empire State Realty Trust Inc (ESRT) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,286 shares of the real estate investment trust’s stock after purchasing an additional 3,286 shares during the quarter. California Public Employees Retirement System owned about 0.10% of Empire State Realty Trust worth $3,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its stake in shares of Empire State Realty Trust by 3.9% during the third quarter. Cohen & Steers Inc. now owns 19,570,975 shares of the real estate investment trust’s stock valued at $401,988,000 after purchasing an additional 727,977 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Empire State Realty Trust by 0.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,322,597 shares of the real estate investment trust’s stock valued at $150,407,000 after purchasing an additional 20,312 shares during the last quarter. BlackRock Inc. grew its stake in shares of Empire State Realty Trust by 3.3% during the second quarter. BlackRock Inc. now owns 7,131,040 shares of the real estate investment trust’s stock valued at $148,111,000 after purchasing an additional 229,390 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Empire State Realty Trust by 11.6% during the third quarter. Resolution Capital Ltd now owns 6,051,122 shares of the real estate investment trust’s stock valued at $124,290,000 after purchasing an additional 628,944 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Empire State Realty Trust by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 2,325,176 shares of the real estate investment trust’s stock valued at $47,759,000 after purchasing an additional 111,411 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Empire State Realty Trust Inc (NYSE:ESRT) opened at $19.00 on Friday. Empire State Realty Trust Inc has a twelve month low of $18.92 and a twelve month high of $21.98. The firm has a market cap of $3,039.08, a P/E ratio of 48.72, a P/E/G ratio of 4.54 and a beta of 0.98. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The business had revenue of $122.39 million during the quarter, compared to analyst estimates of $122.22 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts predict that Empire State Realty Trust Inc will post 0.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.42 annualized dividend and a yield of 2.21%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 107.70%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. TheStreet lowered shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective on the stock in a report on Monday, December 4th. BMO Capital Markets restated a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.50.

In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.45, for a total value of $25,422,683.35. Following the sale, the chairman now directly owns 156,416 shares in the company, valued at $3,198,707.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.80% of the company’s stock.

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About Empire State Realty Trust

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.

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

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