Empire State Realty Trust Inc (ESRT) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC cut its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 456,300 shares of the real estate investment trust’s stock after selling 16,975 shares during the period. Chartwell Investment Partners LLC owned approximately 0.29% of Empire State Realty Trust worth $9,368,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in Empire State Realty Trust by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 52,989 shares of the real estate investment trust’s stock valued at $1,101,000 after purchasing an additional 223 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 valued at $116,000 after purchasing an additional 479 shares during the last quarter. Advisor Group Inc. lifted its stake 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 valued at $173,000 after purchasing an additional 1,510 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Empire State Realty Trust by 32.9% during the third quarter. Advisors Asset Management Inc. now owns 11,399 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 2,821 shares during the last quarter. Finally, IndexIQ Advisors LLC lifted its stake in Empire State Realty Trust by 1.7% during the third quarter. IndexIQ Advisors LLC now owns 193,352 shares of the real estate investment trust’s stock valued at $3,971,000 after purchasing an additional 3,279 shares during the last quarter. 82.62% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Anthony E. Malkin sold 1,243,163 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now owns 156,416 shares in the company, valued at $3,198,707.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.80% of the stock is owned by insiders.

Shares of Empire State Realty Trust Inc (ESRT) opened at $18.38 on Friday. Empire State Realty Trust Inc has a 1-year low of $17.52 and a 1-year high of $21.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2,896.33, a P/E ratio of 18.83, a PEG ratio of 4.49 and a beta of 0.86.

ESRT has been the subject of several recent research reports. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. TheStreet lowered shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price for the company in a research note on Monday, December 4th. BMO Capital Markets reissued a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Empire State Realty Trust presently has an average rating of “Hold” and an average target price of $22.00.

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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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