Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 15.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,440 shares of the real estate investment trust’s stock after purchasing an additional 1,122 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Empire State Realty Trust were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ESRT. Advisors Asset Management Inc. acquired a new stake in Empire State Realty Trust during the 1st quarter valued at approximately $122,000. SG Americas Securities LLC lifted its holdings in shares of Empire State Realty Trust by 13.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 865 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Empire State Realty Trust by 4.8% in the 2nd quarter. GAM Holding AG now owns 10,652 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 487 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Empire State Realty Trust by 4.6% in the 2nd quarter. First Mercantile Trust Co. now owns 11,324 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 494 shares during the last quarter. Finally, TLP Group LLC lifted its holdings in shares of Empire State Realty Trust by 8,421.5% in the 1st quarter. TLP Group LLC now owns 11,504 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 11,369 shares during the last quarter. Hedge funds and other institutional investors own 83.50% of the company’s stock.

Empire State Realty Trust, Inc. (ESRT) opened at 20.54 on Monday. The firm has a market capitalization of $3.26 billion, a PE ratio of 52.40 and a beta of 1.01. The stock’s 50 day moving average price is $20.56 and its 200 day moving average price is $20.79. Empire State Realty Trust, Inc. has a 12 month low of $18.62 and a 12 month high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $118.81 million. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Empire State Realty Trust, Inc. will post $0.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, September 14th. Empire State Realty Trust’s dividend payout ratio is 107.70%.

Several research firms recently commented on ESRT. BidaskClub upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $21.00 target price on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. BMO Capital Markets set a $23.00 target price on Empire State Realty Trust and gave the company a “buy” rating in a research report on Wednesday, May 31st. Finally, Evercore ISI began coverage on Empire State Realty Trust in a research report on Wednesday, May 31st. They issued an “in-line” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.75.

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Empire State Realty Trust Profile

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.

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

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