Squarepoint Ops LLC Lowers Holdings in Empire State Realty Trust Inc (ESRT)

Squarepoint Ops LLC lowered its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,820 shares of the real estate investment trust’s stock after selling 51,736 shares during the period. Squarepoint Ops LLC owned approximately 0.09% of Empire State Realty Trust worth $2,331,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its position in shares of Empire State Realty Trust by 53.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 256,614 shares of the real estate investment trust’s stock worth $3,652,000 after buying an additional 89,026 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Empire State Realty Trust by 101.6% during the 4th quarter. Two Sigma Advisers LP now owns 892,800 shares of the real estate investment trust’s stock worth $12,705,000 after purchasing an additional 449,900 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Empire State Realty Trust by 32.7% during the 4th quarter. Two Sigma Investments LP now owns 623,991 shares of the real estate investment trust’s stock worth $8,879,000 after purchasing an additional 153,636 shares during the last quarter. Crestline Management LP lifted its position in shares of Empire State Realty Trust by 392.7% during the 4th quarter. Crestline Management LP now owns 302,965 shares of the real estate investment trust’s stock worth $4,311,000 after purchasing an additional 241,477 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Empire State Realty Trust by 277.9% during the 4th quarter. Barclays PLC now owns 498,745 shares of the real estate investment trust’s stock worth $7,097,000 after purchasing an additional 366,780 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.

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

Shares of ESRT stock traded up $0.06 during trading hours on Friday, hitting $15.20. The company had a trading volume of 1,020,478 shares, compared to its average volume of 925,289. The firm has a market cap of $2.68 billion, a P/E ratio of 15.51, a P/E/G ratio of 6.00 and a beta of 0.93. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 0.96. Empire State Realty Trust Inc has a 12 month low of $13.66 and a 12 month high of $17.86.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, March 14th. Empire State Realty Trust’s payout ratio is currently 42.86%.

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About Empire State Realty Trust

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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