Empire State Realty Trust Inc (NYSE:ESRT) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its holdings in Empire State Realty Trust Inc (NYSE:ESRT) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 353,501 shares of the real estate investment trust’s stock after acquiring an additional 30,677 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.22% of Empire State Realty Trust worth $7,261,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ESRT. The Manufacturers Life Insurance Company increased its position in Empire State Realty Trust by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 479 shares during the period. SG Americas Securities LLC increased its position in Empire State Realty Trust by 13.8% during the second quarter. SG Americas Securities LLC now owns 7,137 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 865 shares during the period. Quantbot Technologies LP bought a new position in Empire State Realty Trust during the third quarter worth $153,000. Advisor Group Inc. increased its position in Empire State Realty Trust by 22.1% during the second quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 1,510 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Empire State Realty Trust by 15.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 1,122 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Empire State Realty Trust Inc (NYSE ESRT) opened at $19.01 on Friday. The stock has a market cap of $3,030.00, a PE ratio of 47.53, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80. Empire State Realty Trust Inc has a 52-week low of $18.83 and a 52-week high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $122.39 million for the quarter, compared to analyst estimates of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. analysts forecast that Empire State Realty Trust Inc will post 0.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.42 dividend on an annualized basis and a yield of 2.21%. Empire State Realty Trust’s payout ratio is presently 105.00%.

In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the transaction, the chairman now directly owns 156,416 shares in the company, valued at approximately $3,198,707.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.80% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a report on Monday, October 16th. TheStreet lowered shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a research note on Monday, December 4th. BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, BMO Capital Markets restated a “buy” rating and issued a $23.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Empire State Realty Trust currently has an average rating of “Hold” and a consensus price target of $22.50.

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Empire State Realty Trust Company 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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