Resolution Capital Ltd Acquires 137,531 Shares of Empire State Realty Trust Inc (ESRT)

Resolution Capital Ltd raised its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 1.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,251,531 shares of the real estate investment trust’s stock after purchasing an additional 137,531 shares during the period. Empire State Realty Trust accounts for about 4.8% of Resolution Capital Ltd’s portfolio, making the stock its 8th largest position. Resolution Capital Ltd owned 5.25% of Empire State Realty Trust worth $146,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in Empire State Realty Trust during the 4th quarter valued at approximately $25,447,000. Cohen & Steers Inc. increased its holdings in Empire State Realty Trust by 58.1% in the 4th quarter. Cohen & Steers Inc. now owns 4,097,500 shares of the real estate investment trust’s stock worth $58,307,000 after acquiring an additional 1,505,327 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Empire State Realty Trust by 164.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,801,217 shares of the real estate investment trust’s stock worth $25,631,000 after acquiring an additional 1,118,810 shares in the last quarter. Vanguard Group Inc. boosted its stake in Empire State Realty Trust by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,032,609 shares of the real estate investment trust’s stock worth $365,961,000 after purchasing an additional 550,352 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in Empire State Realty Trust by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 22,032,609 shares of the real estate investment trust’s stock worth $365,961,000 after purchasing an additional 550,352 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on ESRT. Zacks Investment Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. ValuEngine raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Citigroup began coverage on shares of Empire State Realty Trust in a research report on Thursday, February 28th. They set a “neutral” rating and a $17.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $19.50.

Shares of ESRT stock traded down $0.18 during trading hours on Wednesday, reaching $15.14. 22,425 shares of the stock were exchanged, compared to its average volume of 864,688. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.90 and a current ratio of 6.90. Empire State Realty Trust Inc has a 12-month low of $13.66 and a 12-month high of $17.86. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 6.23 and a beta of 0.93.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. The firm had revenue of $123.26 million for the quarter, compared to analyst estimates of $123.75 million. Empire State Realty Trust had a net margin of 10.86% and a return on equity of 4.01%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts forecast that Empire State Realty Trust Inc will post 0.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.105 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.42 annualized dividend and a yield of 2.77%. Empire State Realty Trust’s dividend payout ratio is currently 42.86%.

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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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