Empire State Realty Trust, Inc. (NYSE:ESRT) Shares Sold by Great West Life Assurance Co. Can


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Great West Life Assurance Co. Can lowered its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,439 shares of the real estate investment trust’s stock after selling 2,667 shares during the period. Great West Life Assurance Co. Can’s holdings in Empire State Realty Trust were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ESRT. Lasalle Investment Management Securities LLC increased its holdings in Empire State Realty Trust by 131.4% in the third quarter. Lasalle Investment Management Securities LLC now owns 7,809,730 shares of the real estate investment trust’s stock valued at $47,796,000 after buying an additional 4,435,372 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Empire State Realty Trust by 36.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,571,176 shares of the real estate investment trust’s stock valued at $52,456,000 after buying an additional 2,297,962 shares in the last quarter. HGI Capital Management LLC purchased a new position in shares of Empire State Realty Trust during the 3rd quarter worth approximately $6,656,000. Bank of America Corp DE increased its stake in shares of Empire State Realty Trust by 128.8% during the 2nd quarter. Bank of America Corp DE now owns 1,319,745 shares of the real estate investment trust’s stock worth $9,239,000 after purchasing an additional 743,053 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Empire State Realty Trust by 192.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 796,965 shares of the real estate investment trust’s stock worth $4,877,000 after purchasing an additional 524,331 shares in the last quarter. 77.71% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on ESRT shares. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 23rd. BMO Capital Markets upgraded shares of Empire State Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $8.00 to $14.00 in a research report on Thursday, December 3rd. Evercore ISI restated an “underperform” rating on shares of Empire State Realty Trust in a research report on Tuesday. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 11th. Finally, ValuEngine upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.45.

Shares of ESRT opened at $9.19 on Thursday. The firm has a market cap of $1.58 billion, a PE ratio of -918.08, a price-to-earnings-growth ratio of 5.88 and a beta of 1.23. The company’s fifty day moving average is $9.51 and its two-hundred day moving average is $7.33. Empire State Realty Trust, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $14.31. The company has a quick ratio of 6.06, a current ratio of 6.06 and a debt-to-equity ratio of 1.13.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.18). Empire State Realty Trust had a net margin of 0.69% and a return on equity of 0.25%. As a group, equities research analysts anticipate that Empire State Realty Trust, Inc. will post 0.54 earnings per share for the current year.

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 ÂWorld's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

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

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