Real Estate Management Services LLC Sells 189,800 Shares of Empire State Realty Trust, Inc. (ESRT)

Real Estate Management Services LLC decreased its position in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 916,800 shares of the real estate investment trust’s stock after selling 189,800 shares during the quarter. Empire State Realty Trust makes up approximately 3.9% of Real Estate Management Services LLC’s holdings, making the stock its 13th largest holding. Real Estate Management Services LLC owned about 0.58% of Empire State Realty Trust worth $18,831,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Nationwide Fund Advisors lifted its holdings in Empire State Realty Trust by 449.5% during the 3rd quarter. Nationwide Fund Advisors now owns 331,663 shares of the real estate investment trust’s stock worth $6,812,000 after buying an additional 271,306 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Empire State Realty Trust in the 3rd quarter valued at $679,000. Perpetual Ltd acquired a new position in shares of Empire State Realty Trust in the 2nd quarter valued at $6,216,000. Public Employees Retirement System of Ohio lifted its stake in shares of Empire State Realty Trust by 0.4% in the 2nd 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 period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Empire State Realty Trust by 9.4% in the 2nd 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 period. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on ESRT. Zacks Investment Research cut Empire State Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet upgraded shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. BMO Capital Markets reissued a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Finally, BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Empire State Realty Trust presently has an average rating of “Hold” and a consensus target price of $22.00.

Shares of Empire State Realty Trust, Inc. (ESRT) traded up $0.14 during midday trading on Tuesday, hitting $20.61. 684,400 shares of the stock traded hands, compared to its average volume of 886,235. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80. Empire State Realty Trust, Inc. has a 52-week low of $19.19 and a 52-week high of $21.98. The firm has a market capitalization of $3,270.00, a price-to-earnings ratio of 21.10, a P/E/G ratio of 5.14 and a beta of 0.99.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The business had revenue of $122.39 million during the quarter, compared to analyst estimates of $122.22 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 5.8% on a year-over-year basis. sell-side analysts forecast that Empire State Realty Trust, Inc. will post 0.96 earnings per share for the current fiscal year.

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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)

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