Russell Investments Group Ltd. lessened its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,486,467 shares of the real estate investment trust’s stock after selling 21,192 shares during the period. Russell Investments Group Ltd. owned 0.94% of Empire State Realty Trust worth $30,536,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in Empire State Realty Trust by 7.1% during the first quarter. State Street Corp now owns 1,892,698 shares of the real estate investment trust’s stock valued at $39,070,000 after purchasing an additional 124,841 shares during the last quarter. BlackRock Inc. grew its holdings in Empire State Realty Trust by 3,596.9% during the first quarter. BlackRock Inc. now owns 6,901,650 shares of the real estate investment trust’s stock valued at $142,448,000 after purchasing an additional 6,714,963 shares during the last quarter. BT Investment Management Ltd acquired a new position in Empire State Realty Trust during the second quarter valued at approximately $2,526,000. American Century Companies Inc. grew its holdings in Empire State Realty Trust by 11.0% during the second quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock valued at $86,070,000 after purchasing an additional 411,503 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Empire State Realty Trust by 8.5% during the second quarter. Legal & General Group Plc now owns 746,979 shares of the real estate investment trust’s stock valued at $15,515,000 after purchasing an additional 58,625 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Several equities analysts have commented on ESRT shares. Zacks Investment Research downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reissued a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, November 1st. Finally, TheStreet raised Empire State Realty Trust from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

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Shares of Empire State Realty Trust, Inc. (ESRT) opened at $20.62 on Thursday. Empire State Realty Trust, Inc. has a 12-month low of $19.44 and a 12-month high of $21.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93. The firm has a market capitalization of $3,254.80, a P/E ratio of 21.16, a PEG ratio of 5.15 and a beta of 0.99.

Empire State Realty Trust (NYSE:ESRT) last posted 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). Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The business had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. During the same period in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Empire State Realty Trust, Inc. will post 0.96 EPS for the current fiscal year.

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.

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

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