Banque Cantonale Vaudoise decreased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Banque Cantonale Vaudoise’s holdings in Empire State Realty Trust were worth $111,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in ESRT. Van ECK Associates Corp raised its stake in Empire State Realty Trust by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 5,820 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,451 shares during the period. US Bancorp DE grew its position in shares of Empire State Realty Trust by 78.0% in the fourth quarter. US Bancorp DE now owns 7,096 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 3,109 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Empire State Realty Trust in the first quarter valued at approximately $67,000. HighTower Advisors LLC acquired a new position in shares of Empire State Realty Trust in the fourth quarter valued at approximately $96,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Empire State Realty Trust in the fourth quarter valued at approximately $97,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.
Several research firms have recently commented on ESRT. Zacks Investment Research raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of Empire State Realty Trust in a research report on Thursday, April 1st. Finally, Evercore ISI raised Empire State Realty Trust from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.05.
Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, April 28th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.15). Empire State Realty Trust had a negative net margin of 3.36% and a negative return on equity of 1.13%. Sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, June 14th.
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 ÂWorld's Most Famous Building.Â Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.
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