Vanguard Group Inc. reduced its stake in Empire State Realty Trust, Inc. (NYSE:ESRT) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,324,208 shares of the real estate investment trust’s stock after selling 137,207 shares during the period. Vanguard Group Inc. owned 14.16% of Empire State Realty Trust worth $463,674,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted 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 worth $142,448,000 after acquiring an additional 6,714,963 shares in the last quarter. State Street Corp lifted 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 worth $39,070,000 after acquiring an additional 124,841 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Empire State Realty Trust by 3.8% during the first quarter. Thrivent Financial For Lutherans now owns 45,009 shares of the real estate investment trust’s stock worth $929,000 after acquiring an additional 1,666 shares in the last quarter. Legal & General Group Plc lifted 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 worth $15,515,000 after acquiring an additional 58,625 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 worth $86,070,000 after acquiring an additional 411,503 shares in the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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

TRADEMARK VIOLATION NOTICE: This report was first reported by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/vanguard-group-inc-sells-137207-shares-of-empire-state-realty-trust-inc-esrt/1609673.html.

Shares of Empire State Realty Trust, Inc. (ESRT) opened at 20.60 on Thursday. The firm has a 50 day moving average price of $20.44 and a 200 day moving average price of $20.75. The firm has a market cap of $3.27 billion, a P/E ratio of 52.55 and a beta of 1.01. Empire State Realty Trust, Inc. has a 1-year low of $18.62 and a 1-year high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $118.81 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Analysts anticipate that Empire State Realty Trust, Inc. will post $0.92 EPS for the current year.

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

About Empire State Realty Trust

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)

Receive News & Ratings for Empire State Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.