Amalgamated Bank increased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 30.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,979 shares of the real estate investment trust’s stock after buying an additional 5,367 shares during the quarter. Amalgamated Bank’s holdings in Empire State Realty Trust were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ESRT. BlackRock Inc. boosted its holdings in shares of Empire State Realty Trust by 3,596.9% in the first quarter. BlackRock Inc. now owns 6,901,650 shares of the real estate investment trust’s stock worth $142,448,000 after buying an additional 6,714,963 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Empire State Realty Trust by 8.1% in the first quarter. Vanguard Group Inc. now owns 22,461,415 shares of the real estate investment trust’s stock worth $463,603,000 after buying an additional 1,676,832 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Empire State Realty Trust by 19.5% in the second quarter. Daiwa Securities Group Inc. now owns 7,302,285 shares of the real estate investment trust’s stock worth $151,669,000 after buying an additional 1,192,471 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Empire State Realty Trust by 11.0% in the second quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock worth $86,070,000 after buying an additional 411,503 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Empire State Realty Trust by 34.4% in the second quarter. Russell Investments Group Ltd. now owns 1,507,659 shares of the real estate investment trust’s stock worth $31,293,000 after buying an additional 385,615 shares during the last quarter. 83.69% of the stock is currently owned by institutional investors.

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A number of research firms recently issued reports on ESRT. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.75.

Empire State Realty Trust, Inc. (ESRT) opened at 20.74 on Friday. Empire State Realty Trust, Inc. has a one year low of $18.62 and a one year high of $21.98. The firm’s 50-day moving average is $20.44 and its 200 day moving average is $20.75. The stock has a market cap of $3.29 billion, a P/E ratio of 52.91 and a beta of 1.01.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $118.81 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, analysts anticipate that Empire State Realty Trust, Inc. will post $0.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.03%. Empire State Realty Trust’s payout ratio is 107.70%.

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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