Empire State Realty Trust Inc (NYSE:ESRT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.55 and last traded at $19.69, with a volume of 892100 shares traded. The stock had previously closed at $19.88.

A number of equities research analysts have commented on ESRT shares. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $23.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. TheStreet raised shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Finally, Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.50.

The company has a market cap of $3,130.00, a P/E ratio of 49.23, a PEG ratio of 4.71 and a beta of 0.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $122.39 million for the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. equities analysts forecast that Empire State Realty Trust Inc will post 0.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.42 dividend on an annualized basis and a yield of 2.13%. Empire State Realty Trust’s payout ratio is 105.00%.

In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the transaction, the chairman now directly owns 156,416 shares in the company, valued at $3,198,707.20. The sale was disclosed in a filing with the SEC, which is available through this link. 11.80% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ESRT. The Manufacturers Life Insurance Company boosted its position in shares of Empire State Realty Trust by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 479 shares during the period. SG Americas Securities LLC raised its stake in Empire State Realty Trust by 13.8% in the second quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 865 shares in the last quarter. Quantbot Technologies LP acquired a new position in Empire State Realty Trust in the third quarter valued at about $153,000. Advisor Group Inc. raised its stake in Empire State Realty Trust by 22.1% in the second quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Empire State Realty Trust by 15.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,122 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

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Empire State Realty Trust Company Profile

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, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

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