Investment Counselors of Maryland LLC Has $21.33 Million Position in Empire State Realty Trust Inc (ESRT)

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Investment Counselors of Maryland LLC lifted its position in Empire State Realty Trust Inc (NYSE:ESRT) by 51.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,284,314 shares of the real estate investment trust’s stock after acquiring an additional 436,366 shares during the period. Investment Counselors of Maryland LLC owned approximately 0.76% of Empire State Realty Trust worth $21,332,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ESRT. Nisa Investment Advisors LLC bought a new position in shares of Empire State Realty Trust in the second quarter valued at $137,000. Teachers Insurance & Annuity Association of America lifted its holdings in Empire State Realty Trust by 3.5% during the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 173,806 shares of the real estate investment trust’s stock valued at $2,972,000 after purchasing an additional 5,871 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Empire State Realty Trust by 6.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 441,624 shares of the real estate investment trust’s stock valued at $7,552,000 after purchasing an additional 28,683 shares during the last quarter. RVB Capital Management LLC lifted its holdings in Empire State Realty Trust by 12.0% during the 2nd quarter. RVB Capital Management LLC now owns 700,000 shares of the real estate investment trust’s stock valued at $11,970,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Green Street Investors LLC lifted its holdings in Empire State Realty Trust by 54.8% during the 2nd quarter. Green Street Investors LLC now owns 234,800 shares of the real estate investment trust’s stock valued at $4,015,000 after purchasing an additional 83,100 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

Empire State Realty Trust stock opened at $16.25 on Wednesday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 6.26 and a beta of 0.88. Empire State Realty Trust Inc has a 12-month low of $15.45 and a 12-month high of $20.93. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.97.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.14). The company had revenue of $123.62 million for the quarter, compared to analysts’ expectations of $123.49 million. Empire State Realty Trust had a net margin of 12.39% and a return on equity of 4.49%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. As a group, equities analysts anticipate that Empire State Realty Trust Inc will post 0.89 earnings per share for the current fiscal year.

ESRT has been the subject of several research reports. Zacks Investment Research downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Bank of America downgraded Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, August 7th. Finally, BTIG Research downgraded Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.50.

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Empire State Realty Trust Profile

Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), 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 world's most famous building.

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

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