Russell Investments Group Ltd. reduced its position in Empire State Realty Trust Inc (NYSE:ESRT) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592,800 shares of the real estate investment trust’s stock after selling 17,975 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Empire State Realty Trust worth $9,784,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Long Pond Capital LP acquired a new position in Empire State Realty Trust during the second quarter worth $40,943,000. Citadel Advisors LLC increased its stake in shares of Empire State Realty Trust by 109.7% in the second quarter. Citadel Advisors LLC now owns 3,444,342 shares of the real estate investment trust’s stock valued at $58,899,000 after buying an additional 1,801,601 shares in the last quarter. Resolution Capital Ltd increased its stake in shares of Empire State Realty Trust by 18.7% in the second quarter. Resolution Capital Ltd now owns 8,685,500 shares of the real estate investment trust’s stock valued at $148,522,000 after buying an additional 1,369,762 shares in the last quarter. FMR LLC increased its stake in shares of Empire State Realty Trust by 56.9% in the second quarter. FMR LLC now owns 2,512,906 shares of the real estate investment trust’s stock valued at $42,971,000 after buying an additional 911,543 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Empire State Realty Trust by 32.7% in the second quarter. Renaissance Technologies LLC now owns 2,697,300 shares of the real estate investment trust’s stock valued at $46,124,000 after buying an additional 664,600 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

NYSE:ESRT opened at $15.53 on Friday. Empire State Realty Trust Inc has a fifty-two week low of $15.43 and a fifty-two week high of $20.93. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2.67 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 6.30 and a beta of 0.88.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a net margin of 12.39% and a return on equity of 4.48%. The business had revenue of $123.62 million for the quarter, compared to the consensus estimate of $123.49 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Empire State Realty Trust Inc will post 0.89 EPS for the current fiscal year.

A number of brokerages recently commented on ESRT. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. BTIG Research cut Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, July 31st. Finally, Bank of America cut Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Tuesday, August 7th. One investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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Empire State Realty Trust 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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