Pendal Group Ltd lowered its position in Empire State Realty Trust Inc (NYSE:ESRT) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 114,200 shares of the real estate investment trust’s stock after selling 4,900 shares during the quarter. Pendal Group Ltd’s holdings in Empire State Realty Trust were worth $1,897,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Virginia Retirement Systems ET AL raised its stake in shares of Empire State Realty Trust by 35.3% in the third quarter. Virginia Retirement Systems ET AL now owns 557,090 shares of the real estate investment trust’s stock valued at $9,253,000 after acquiring an additional 145,400 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Empire State Realty Trust by 6.8% in the third quarter. American Century Companies Inc. now owns 2,578,683 shares of the real estate investment trust’s stock valued at $42,832,000 after acquiring an additional 163,480 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Empire State Realty Trust by 21.3% in the third quarter. First Trust Advisors LP now owns 25,288 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 4,441 shares during the last quarter. Ingalls & Snyder LLC bought a new position in shares of Empire State Realty Trust in the third quarter valued at approximately $308,000. Finally, Northern Trust Corp raised its stake in shares of Empire State Realty Trust by 1.7% in the second quarter. Northern Trust Corp now owns 1,474,316 shares of the real estate investment trust’s stock valued at $25,212,000 after acquiring an additional 24,275 shares during the last quarter. Institutional investors own 73.23% of the company’s stock.

Shares of Empire State Realty Trust stock opened at $15.99 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The company has a market capitalization of $2.75 billion, a P/E ratio of 17.38, a P/E/G ratio of 6.48 and a beta of 0.88. Empire State Realty Trust Inc has a fifty-two week low of $15.45 and a fifty-two week high of $20.93.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.14). The company had revenue of $123.62 million during the quarter, compared to analyst estimates of $123.49 million. Empire State Realty Trust had a net margin of 12.39% and a return on equity of 4.48%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Equities analysts predict that Empire State Realty Trust Inc will post 0.89 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on ESRT. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Bank of America cut shares of Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Tuesday, August 7th. Finally, BTIG Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Empire State Realty Trust currently has an average rating of “Hold” and an average target price of $20.50.

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Empire State Realty Trust Company 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.

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

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