Teacher Retirement System of Texas cut its position in Empire State Realty Trust Inc. (NYSE:ESRT) by 12.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 268,643 shares of the real estate investment trust’s stock after selling 37,790 shares during the period. Teacher Retirement System of Texas owned approximately 0.22% of Empire State Realty Trust worth $5,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pioneer Investment Management Inc. raised its stake in Empire State Realty Trust by 4.1% in the fourth quarter. Pioneer Investment Management Inc. now owns 131,500 shares of the real estate investment trust’s stock worth $2,376,000 after buying an additional 5,200 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Empire State Realty Trust by 14.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,180 shares of the real estate investment trust’s stock worth $1,232,000 after buying an additional 8,390 shares during the period. Norges Bank acquired a new stake in Empire State Realty Trust during the fourth quarter worth $79,861,000. Sanders Morris Harris Inc. acquired a new stake in Empire State Realty Trust during the first quarter worth $758,000. Finally, Virginia Retirement System acquired a new stake in Empire State Realty Trust during the first quarter worth $5,785,000. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Empire State Realty Trust Inc. (NYSE:ESRT) traded down 0.48% during mid-day trading on Monday, hitting $20.67. 275,435 shares of the company’s stock traded hands. The stock has a market cap of $2.56 billion, a PE ratio of 65.62 and a beta of 0.95. The firm’s 50-day moving average price is $21.00 and its 200-day moving average price is $19.10. Empire State Realty Trust Inc. has a one year low of $14.58 and a one year high of $22.31.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by $0.02. Empire State Realty Trust had a return on equity of 4.73% and a net margin of 10.33%. The company had revenue of $165.80 million for the quarter, compared to analysts’ expectations of $116.59 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that Empire State Realty Trust Inc. will post $0.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 15th. Empire State Realty Trust’s payout ratio is 131.25%.

A number of analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of Empire State Realty Trust in a research note on Thursday, August 25th. They issued a “buy” rating and a $24.00 price objective for the company. Zacks Investment Research raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, TheStreet raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.60.

About Empire State Realty Trust

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. The Company’s segments include Real Estate, Observatory and Other. The Real Estate segment includes the Company’s activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets.

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