Perpetual Ltd Sells 23,082 Shares of Empire State Realty Trust Inc (NYSE:ESRT)

Perpetual Ltd trimmed its holdings in Empire State Realty Trust Inc (NYSE:ESRT) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,075 shares of the real estate investment trust’s stock after selling 23,082 shares during the period. Perpetual Ltd owned about 0.17% of Empire State Realty Trust worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in shares of Empire State Realty Trust by 3,175.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,784 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 2,699 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Empire State Realty Trust in the first quarter valued at $67,000. Transamerica Financial Advisors Inc. bought a new position in shares of Empire State Realty Trust in the second quarter valued at $86,000. Machina Capital S.A.S. lifted its stake in shares of Empire State Realty Trust by 324.5% in the second quarter. Machina Capital S.A.S. now owns 8,150 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 6,230 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Empire State Realty Trust in the second quarter valued at $201,000. 77.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ESRT traded down $0.11 during trading hours on Thursday, reaching $13.67. 25,065 shares of the stock traded hands, compared to its average volume of 1,170,625. The company has a current ratio of 6.10, a quick ratio of 6.10 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $13.97 and a 200 day simple moving average of $14.80. Empire State Realty Trust Inc has a 52 week low of $12.77 and a 52 week high of $16.47. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 6.23 and a beta of 0.73.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Empire State Realty Trust had a net margin of 8.81% and a return on equity of 3.26%. The firm had revenue of $141.10 million for the quarter, compared to the consensus estimate of $133.31 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts predict that Empire State Realty Trust Inc will post 0.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, September 13th. Empire State Realty Trust’s payout ratio is currently 42.86%.

A number of research firms recently weighed in on ESRT. Citigroup dropped their price target on shares of Empire State Realty Trust from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. ValuEngine raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lowered shares of Empire State Realty Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $19.00 to $15.00 in a research report on Friday, September 6th. Finally, Zacks Investment Research lowered shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday.

About Empire State Realty Trust

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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