Millennium Management LLC lessened its stake in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 53.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,203,316 shares of the real estate investment trust’s stock after selling 1,379,711 shares during the period. Millennium Management LLC’s holdings in Empire State Realty Trust were worth $20,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ESRT. Long Pond Capital LP bought a new stake in Empire State Realty Trust during the second quarter worth about $40,943,000. Citadel Advisors LLC raised its holdings in Empire State Realty Trust by 109.7% during the second quarter. Citadel Advisors LLC now owns 3,444,342 shares of the real estate investment trust’s stock worth $58,899,000 after acquiring an additional 1,801,601 shares in the last quarter. Heitman Real Estate Securities LLC raised its holdings in Empire State Realty Trust by 300.4% during the first quarter. Heitman Real Estate Securities LLC now owns 2,222,530 shares of the real estate investment trust’s stock worth $40,834,000 after acquiring an additional 1,667,399 shares in the last quarter. Resolution Capital Ltd raised its holdings in Empire State Realty Trust by 18.7% during the second quarter. Resolution Capital Ltd now owns 8,685,500 shares of the real estate investment trust’s stock worth $148,522,000 after acquiring an additional 1,369,762 shares in the last quarter. Finally, FMR LLC raised its holdings in Empire State Realty Trust by 56.9% during the second quarter. FMR LLC now owns 2,512,906 shares of the real estate investment trust’s stock worth $42,971,000 after acquiring an additional 911,543 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

NYSE:ESRT opened at $16.37 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 7.10 and a current ratio of 7.10. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91. Empire State Realty Trust Inc has a 12-month low of $15.94 and a 12-month 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, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $124.04 million for the quarter, compared to analyst estimates of $122.58 million. Empire State Realty Trust had a return on equity of 4.62% and a net margin of 12.72%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. equities research analysts predict that Empire State Realty Trust Inc will post 0.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.42 annualized dividend and a yield of 2.57%. Empire State Realty Trust’s dividend payout ratio is 43.75%.

Several research firms recently issued reports on ESRT. BTIG Research lowered Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, July 31st. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Bank of America lowered Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Tuesday, August 7th. Finally, Evercore ISI lowered Empire State Realty Trust from an “outperform” rating to an “inline” rating in a report on Monday, June 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.86.

In other Empire State Realty Trust news, CFO David A. Karp acquired 4,500 shares of the company’s stock in a transaction on Monday, July 30th. The shares were purchased at an average price of $16.19 per share, for a total transaction of $72,855.00. Following the completion of the purchase, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at $89,045. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.50% of the stock is owned by corporate insiders.

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 world's most famous building.

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

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