Wells Fargo & Company MN Has $3.33 Million Holdings in Empire State Realty Trust Inc (ESRT)

Wells Fargo & Company MN grew its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,947 shares of the real estate investment trust’s stock after acquiring an additional 22,889 shares during the period. Wells Fargo & Company MN owned 0.10% of Empire State Realty Trust worth $3,326,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Neuberger Berman Group LLC grew its holdings in Empire State Realty Trust by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,399 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 75 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Empire State Realty Trust by 0.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 10,090 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 90 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Empire State Realty Trust by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 52,989 shares of the real estate investment trust’s stock worth $1,101,000 after purchasing an additional 223 shares in the last quarter. Eaton Vance Management boosted its position in shares of Empire State Realty Trust by 0.5% during the 2nd quarter. Eaton Vance Management now owns 85,718 shares of the real estate investment trust’s stock worth $1,780,000 after purchasing an additional 430 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Empire State Realty Trust by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,571 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.45, for a total value of $25,422,683.35. Following the transaction, the chairman now owns 156,416 shares of the company’s stock, valued at approximately $3,198,707.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.80% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on ESRT shares. Zacks Investment Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective on the stock in a research report on Monday, December 4th. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. BMO Capital Markets reissued a “buy” rating and set a $23.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, November 1st. Finally, TheStreet cut shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.50.

Empire State Realty Trust Inc (NYSE ESRT) opened at $18.96 on Wednesday. Empire State Realty Trust Inc has a 1 year low of $18.92 and a 1 year high of $21.98. The firm has a market cap of $3,013.70, a PE ratio of 48.62, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The business had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. During the same period in the previous year, the business posted $0.26 EPS. Empire State Realty Trust’s revenue was up 5.8% compared to the same quarter last year. equities analysts expect that Empire State Realty Trust Inc will post 0.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.42 annualized dividend and a yield of 2.22%. Empire State Realty Trust’s payout ratio is 107.70%.

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Empire State Realty Trust Company 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.

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

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