Schroder Investment Management Group Has $363,000 Holdings in Empire State Realty Trust Inc (NYSE:ESRT)

Schroder Investment Management Group trimmed its holdings in Empire State Realty Trust Inc (NYSE:ESRT) by 98.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,522 shares of the real estate investment trust’s stock after selling 1,523,034 shares during the period. Schroder Investment Management Group’s holdings in Empire State Realty Trust were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ESRT. Centersquare Investment Management LLC grew its stake in shares of Empire State Realty Trust by 1.9% during the 2nd quarter. Centersquare Investment Management LLC now owns 6,700,498 shares of the real estate investment trust’s stock worth $99,235,000 after acquiring an additional 122,224 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of Empire State Realty Trust during the 2nd quarter valued at approximately $3,639,000. Janus Henderson Group PLC boosted its holdings in Empire State Realty Trust by 50.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,175,380 shares of the real estate investment trust’s stock worth $32,217,000 after buying an additional 733,753 shares during the period. JPMorgan Chase & Co. grew its stake in Empire State Realty Trust by 1,129.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,751,991 shares of the real estate investment trust’s stock valued at $40,096,000 after buying an additional 2,528,073 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Empire State Realty Trust by 3.9% in the 2nd quarter. Wells Fargo & Company MN now owns 308,528 shares of the real estate investment trust’s stock valued at $4,569,000 after buying an additional 11,491 shares in the last quarter. Institutional investors own 77.19% of the company’s stock.

Shares of ESRT traded up $0.06 during trading hours on Tuesday, reaching $14.53. 15,758 shares of the company traded hands, compared to its average volume of 1,400,069. Empire State Realty Trust Inc has a 12 month low of $12.77 and a 12 month high of $17.46. The company has a quick ratio of 6.10, a current ratio of 6.10 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $15.03. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 6.36 and a beta of 0.75.



Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Empire State Realty Trust had a return on equity of 3.26% and a net margin of 8.81%. The company had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $133.31 million. During the same quarter last year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts expect that Empire State Realty Trust Inc will post 0.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, September 13th. Empire State Realty Trust’s dividend payout ratio is currently 42.86%.

Several research firms have issued reports on ESRT. ValuEngine downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. BMO Capital Markets cut Empire State Realty Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Friday. Finally, Citigroup cut their price objective on shares of Empire State Realty Trust from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday.

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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