Perpetual Ltd Trims Stock Position in Empire State Realty Trust Inc (NYSE:ESRT)

Perpetual Ltd lowered its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 308,075 shares of the real estate investment trust’s stock after selling 23,082 shares during the period. Perpetual Ltd’s holdings in Empire State Realty Trust were worth $4,381,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ESRT. Geode Capital Management LLC grew its stake in 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 valued at $19,634,000 after acquiring an additional 105,149 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in Empire State Realty Trust in the 1st quarter worth approximately $386,000. Westpac Banking Corp grew its stake in Empire State Realty Trust by 1.5% in the 1st quarter. Westpac Banking Corp now owns 841,473 shares of the real estate investment trust’s stock worth $13,295,000 after buying an additional 12,550 shares in the last quarter. Marshall Wace LLP purchased a new position in Empire State Realty Trust in the 1st quarter worth approximately $2,476,000. Finally, Marshall Wace North America L.P. purchased a new position in Empire State Realty Trust in the 1st quarter worth approximately $67,000. 77.22% of the stock is owned by institutional investors.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets cut shares of Empire State Realty Trust from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Friday, September 6th. Citigroup cut their price target on shares of Empire State Realty Trust from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, ValuEngine raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

ESRT stock traded down $0.11 during midday trading on Thursday, reaching $13.67. The company had a trading volume of 25,065 shares, compared to its average volume of 1,170,625. The company has a debt-to-equity ratio of 1.00, a current ratio of 6.10 and a quick ratio of 6.10. Empire State Realty Trust Inc has a 1 year low of $12.77 and a 1 year high of $16.47. The company has a market capitalization of $2.47 billion, a P/E ratio of 13.94, a P/E/G ratio of 6.23 and a beta of 0.73. The firm has a 50-day moving average price of $13.97 and a 200-day moving average price of $14.80.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.105 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.07%. Empire State Realty Trust’s payout ratio is 42.86%.

Empire State Realty Trust 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.

Featured Story: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust Inc (NYSE:ESRT).

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

Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.