PNC Financial Services Group Inc. lifted its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,719 shares of the real estate investment trust’s stock after purchasing an additional 66 shares during the quarter. PNC Financial Services Group Inc. owned 0.06% of Empire State Realty Trust worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ESRT. Advisors Asset Management Inc. bought a new position in Empire State Realty Trust in the 1st quarter valued at approximately $122,000. SG Americas Securities LLC boosted its stake in Empire State Realty Trust by 13.8% during the 2nd quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 865 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Empire State Realty Trust by 8.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,318 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 569 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in Empire State Realty Trust by 0.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 10,090 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 90 shares during the last quarter. Finally, GAM Holding AG boosted its stake in Empire State Realty Trust by 4.8% during the 2nd quarter. GAM Holding AG now owns 10,652 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 487 shares during the last quarter. 83.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) opened at 20.44 on Wednesday. The stock has a 50 day moving average of $20.44 and a 200-day moving average of $20.75. Empire State Realty Trust, Inc. has a 52 week low of $18.62 and a 52 week high of $21.98. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 52.14 and a beta of 1.01.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $120.80 million for the quarter, compared to analyst estimates of $118.81 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.42 annualized dividend and a dividend yield of 2.05%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 107.70%.

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A number of analysts have commented on ESRT shares. Zacks Investment Research lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $21.00 price target on shares of Empire State Realty Trust in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.75.

Empire State Realty Trust Company 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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