Citadel Advisors LLC reduced its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,909 shares of the real estate investment trust’s stock after selling 4,128 shares during the quarter. Citadel Advisors LLC’s holdings in Empire State Realty Trust were worth $1,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Neuberger Berman Group LLC increased its position in Empire State Realty Trust by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,399 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 75 shares during the period. Pinnacle Associates Ltd. increased its position in Empire State Realty Trust by 0.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 10,090 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 90 shares during the period. PNC Financial Services Group Inc. increased its position in Empire State Realty Trust by 0.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 87,653 shares of the real estate investment trust’s stock valued at $1,809,000 after purchasing an additional 352 shares during the period. Kissinger Financial Services LLC increased its position in Empire State Realty Trust by 0.7% during the 2nd quarter. Kissinger Financial Services LLC now owns 54,385 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 390 shares during the period. Finally, Eaton Vance Management increased its position in Empire State Realty Trust by 0.5% during the 2nd quarter. Eaton Vance Management now owns 85,718 shares of the real estate investment trust’s stock valued at $1,780,000 after purchasing an additional 430 shares during the period. 83.69% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on ESRT shares. BidaskClub raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $21.00 price objective on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Empire State Realty Trust presently has an average rating of “Hold” and a consensus price target of $21.75.

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Empire State Realty Trust, Inc. (NYSE ESRT) opened at 20.60 on Thursday. The firm’s 50-day moving average is $20.44 and its 200-day moving average is $20.75. The stock has a market capitalization of $3.27 billion, a P/E ratio of 52.55 and a beta of 1.01. Empire State Realty Trust, Inc. has a 12 month low of $18.62 and a 12 month high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Empire State Realty Trust, Inc. will post $0.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.42 annualized dividend and a dividend yield of 2.04%. Empire State Realty Trust’s dividend payout ratio (DPR) is 107.70%.

Empire State Realty Trust 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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Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)

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