Daiwa Securities Group Inc. boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,322,597 shares of the real estate investment trust’s stock after buying an additional 20,312 shares during the quarter. Daiwa Securities Group Inc. owned 4.61% of Empire State Realty Trust worth $150,407,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Empire State Realty Trust by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 479 shares during the last quarter. SG Americas Securities LLC grew its position in 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. Advisor Group Inc. grew its position in Empire State Realty Trust by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,510 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Empire State Realty Trust by 15.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Empire State Realty Trust by 44.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,578 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,653 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Shares of Empire State Realty Trust, Inc. (NYSE ESRT) traded up $0.25 during trading hours on Tuesday, hitting $20.27. 643,435 shares of the company traded hands, compared to its average volume of 836,252. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.80. The stock has a market cap of $3,240.00, a P/E ratio of 20.64, a PEG ratio of 5.47 and a beta of 0.99. Empire State Realty Trust, Inc. has a fifty-two week low of $18.66 and a fifty-two week high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last released 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). The company had revenue of $122.39 million during the quarter, compared to analyst estimates of $122.22 million. Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.96 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $23.00 price target on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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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.

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

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