Public Employees Retirement System of Ohio Grows Position in Empire State Realty Trust Inc (NYSE:ESRT)

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Public Employees Retirement System of Ohio raised its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 299.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,182 shares of the real estate investment trust’s stock after buying an additional 150,810 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of Empire State Realty Trust worth $2,980,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Crawford Investment Counsel Inc. grew its holdings in shares of Empire State Realty Trust by 1.0% during the second quarter. Crawford Investment Counsel Inc. now owns 155,740 shares of the real estate investment trust’s stock worth $2,307,000 after buying an additional 1,600 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Empire State Realty Trust by 7.7% during the second quarter. Daiwa Securities Group Inc. now owns 23,900 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,700 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Empire State Realty Trust by 2.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 63,468 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 1,740 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Empire State Realty Trust by 3,175.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,784 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 2,699 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Empire State Realty Trust by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 78,088 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 4,091 shares in the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.

Shares of ESRT stock traded down $0.14 on Monday, hitting $14.15. 28,079 shares of the stock traded hands, compared to its average volume of 1,496,251. The firm’s 50-day moving average price is $13.71 and its two-hundred day moving average price is $15.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 6.10 and a current ratio of 6.10. The stock has a market capitalization of $2.64 billion, a PE ratio of 14.43, a PEG ratio of 6.61 and a beta of 0.75. Empire State Realty Trust Inc has a twelve month low of $12.77 and a twelve month high of $17.05.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $141.10 million for the quarter, compared to analyst estimates of $133.31 million. Empire State Realty Trust had a net margin of 8.81% and a return on equity of 3.26%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Empire State Realty Trust Inc will post 0.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.105 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a yield of 2.97%. Empire State Realty Trust’s payout ratio is currently 42.86%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. ValuEngine cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BMO Capital Markets cut shares of Empire State Realty Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $19.00 to $15.00 in a research report on Friday, September 6th. Finally, Citigroup lowered 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.

Empire State Realty Trust Company 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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