Verition Fund Management LLC raised its position in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 186.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,506 shares of the real estate investment trust’s stock after acquiring an additional 23,776 shares during the quarter. Verition Fund Management LLC’s holdings in Empire State Realty Trust were worth $624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Empire State Realty Trust by 5.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 412,941 shares of the real estate investment trust’s stock worth $6,934,000 after purchasing an additional 21,285 shares in the last quarter. Aperio Group LLC boosted its position in shares of Empire State Realty Trust by 112.9% during the 1st quarter. Aperio Group LLC now owns 57,432 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 30,459 shares in the last quarter. Northern Trust Corp boosted its position in shares of Empire State Realty Trust by 7.6% during the 1st quarter. Northern Trust Corp now owns 1,450,041 shares of the real estate investment trust’s stock worth $24,347,000 after purchasing an additional 102,671 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Empire State Realty Trust by 41.2% during the 1st quarter. California Public Employees Retirement System now owns 236,076 shares of the real estate investment trust’s stock worth $3,964,000 after purchasing an additional 68,892 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Empire State Realty Trust by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,277,337 shares of the real estate investment trust’s stock worth $38,237,000 after purchasing an additional 74,713 shares in the last quarter. 73.41% of the stock is currently owned by institutional investors and hedge funds.

ESRT stock opened at $16.29 on Thursday. The stock has a market cap of $2.76 billion, a PE ratio of 17.31, a P/E/G ratio of 4.64 and a beta of 0.91. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.97. Empire State Realty Trust Inc has a 1 year low of $15.94 and a 1 year high of $21.09.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Empire State Realty Trust had a net margin of 12.72% and a return on equity of 4.62%. The company had revenue of $124.04 million for the quarter, compared to analysts’ expectations of $122.58 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 2.6% on a year-over-year basis. sell-side analysts expect that Empire State Realty Trust Inc will post 0.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.105 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.58%. Empire State Realty Trust’s dividend payout ratio is presently 43.75%.

In other Empire State Realty Trust news, CFO David A. Karp bought 4,500 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were bought at an average price of $16.19 per share, for a total transaction of $72,855.00. Following the acquisition, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $89,045. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.50% of the company’s stock.

ESRT has been the topic of a number of research analyst reports. BTIG Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Evercore ISI cut shares of Empire State Realty Trust from an “outperform” rating to an “inline” rating in a research report on Monday, June 11th. Finally, Bank of America cut shares of Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.86.

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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