Economy

Empire State Realty Trust, Inc. (NYSE:ESRT) Trading Volume Significantly Higher

Finally, Cramer Rosenthal Mcglynn LLC lifted its position in shares of Empire State Realty Trust by 10.1% during the 2nd quarter.

Empire State Realty Trust, Inc is a real estate investment trust.

(NYSE:ESRT) shares saw heavy trading volume with 1,910K shares changing hands in the last trading session. Empire State Realty Trust, Inc. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Russell Investments Group Ltd. lifted its holdings in Empire State Realty Trust by 34.4% during the second quarter. Neuberger Berman Group LLC now owns 14,399 shares of the real estate investment trust's stock worth $299,000 after purchasing an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Empire State Realty Trust by 15.3% in the second quarter. The company's institutional ownership is monitored at 0 percent. If you are reading this piece on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation.

Shares of Empire State Realty Trust (ESRT) opened at 21.03 on Monday.

The Details: Empire State Realty Trust, Inc. During the last 52 weeks, the (NYSE:ESRT) price has been as high as $21.98 and as low as $18.62.

This particular stock's 5-day moving average is 20.87, its 20-day moving average is 20.59 and its 100-day moving average is 20.65. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 53.52 and a beta of 1.01. The value of the total investment in Empire State Realty Trust, Inc. increased from $446,000 to $466,000 a change of 4.5% since the last quarter. (NYSE:ESRT), at its latest closing price of $20.96, it has a price-to-book ratio of 0.00, compared to an industry average at 0.55. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The business's quarterly revenue was up 7.3% compared to the same quarter previous year. As of quarter end North Star Investment Management Corp. had acquired a total of 3 shares growing its holdings by 0.7%. On average, equities analysts forecast that Empire State Realty Trust will post $0.92 earnings per share for the current fiscal year. The company recently announced a dividend for shareholders paid on Friday September 29th, 2017. The ex-dividend date of this dividend was Thursday, September 14th. At present, 0 analysts call it Sell, while 5 think it is Hold. Empire State Realty Trust's dividend payout ratio (DPR) is presently 107.70%. (ESRT) - averaging the work of different analysts - reveals a mean PT of $22.2/share. Zacks Investment Research upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating and set a $23.00 price objective for the company in a report on Monday. BidaskClub raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, August 2nd.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 22.32 million shares, COHEN & STEERS INC with 18.84 million shares, DAIWA SECURITIES GROUP INC. with 7.3 million shares, BLACKROCK INC. with 7.13 million shares, and DEUTSCHE BANK AG\ with 6.9 million shares. (The) restated a "neutral" rating and issued a $21.00 price target on shares of Empire State Realty Trust in a research note on Thursday, June 22nd. Of those analysts, 3 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. Meanwhile, the average 12-month price target from Wall Street analysts is now $22.69, this means that the stock is underpriced by 7.316%.

According to Zacks, "Empire State Realty Trust, Inc.is a real estate investment trust which owns, manages, operates, acquires and repositions office and retail properties primarily in Manhattan and NY metropolitan area".



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