Parkside Financial Bank & Trust Increases Stake in Empire State Realty Trust Inc (NYSE:ESRT)

Parkside Financial Bank & Trust lifted its stake in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 3,175.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,784 shares of the real estate investment trust’s stock after buying an additional 2,699 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Empire State Realty Trust were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in Empire State Realty Trust during the first quarter worth about $67,000. Quadrant Capital Group LLC bought a new stake in Empire State Realty Trust during the first quarter worth about $80,000. Nisa Investment Advisors LLC bought a new stake in Empire State Realty Trust during the first quarter worth about $128,000. Machina Capital S.A.S. boosted its stake in Empire State Realty Trust by 324.5% during the second quarter. Machina Capital S.A.S. now owns 8,150 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 6,230 shares in the last quarter. Finally, BBT Capital Management LLC bought a new stake in Empire State Realty Trust during the first quarter worth about $178,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on ESRT. BMO Capital Markets set a $19.00 target price on shares of Empire State Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 24th. ValuEngine downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th.



Shares of NYSE ESRT traded up $0.08 during midday trading on Friday, hitting $13.67. The stock had a trading volume of 12,470 shares, compared to its average volume of 1,274,705. The business’s 50 day moving average is $14.10 and its 200-day moving average is $15.18. The company has a market cap of $2.40 billion, a P/E ratio of 13.88, a PEG ratio of 6.02 and a beta of 0.75. Empire State Realty Trust Inc has a 52 week low of $12.77 and a 52 week high of $17.65. The company has a quick ratio of 6.10, a current ratio of 6.10 and a debt-to-equity ratio of 1.00.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.42 annualized dividend and a dividend yield of 3.07%. Empire State Realty Trust’s dividend payout ratio is presently 42.86%.

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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