Crestline Management LP Buys 241,477 Shares of Empire State Realty Trust Inc (ESRT)

Crestline Management LP lifted its stake in Empire State Realty Trust Inc (NYSE:ESRT) by 392.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 302,965 shares of the real estate investment trust’s stock after purchasing an additional 241,477 shares during the period. Empire State Realty Trust accounts for approximately 0.7% of Crestline Management LP’s holdings, making the stock its 14th largest holding. Crestline Management LP owned about 0.17% of Empire State Realty Trust worth $4,311,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Empire State Realty Trust by 277.9% during the fourth quarter. Barclays PLC now owns 498,745 shares of the real estate investment trust’s stock worth $7,097,000 after acquiring an additional 366,780 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of Empire State Realty Trust by 58.1% during the fourth quarter. Cohen & Steers Inc. now owns 4,097,500 shares of the real estate investment trust’s stock worth $58,307,000 after acquiring an additional 1,505,327 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Empire State Realty Trust by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 1,379,817 shares of the real estate investment trust’s stock worth $19,634,000 after acquiring an additional 105,149 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Empire State Realty Trust by 2.8% during the fourth quarter. California State Teachers Retirement System now owns 229,352 shares of the real estate investment trust’s stock worth $3,264,000 after acquiring an additional 6,168 shares during the period. Finally, SlateStone Wealth LLC bought a new stake in shares of Empire State Realty Trust during the fourth quarter worth approximately $310,000. Institutional investors and hedge funds own 75.63% of the company’s stock.

Shares of ESRT stock opened at $16.05 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.90 and a quick ratio of 6.90. The company has a market capitalization of $2.83 billion, a P/E ratio of 16.38, a P/E/G ratio of 6.41 and a beta of 0.92. Empire State Realty Trust Inc has a 1 year low of $13.66 and a 1 year high of $17.86.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $123.26 million during the quarter, compared to analysts’ expectations of $123.75 million. Empire State Realty Trust had a return on equity of 4.01% and a net margin of 10.86%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. As a group, analysts predict that Empire State Realty Trust Inc will post 0.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 42.86%.

ESRT has been the subject of a number of research analyst reports. Zacks Investment Research cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. ValuEngine upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, Citigroup initiated coverage on Empire State Realty Trust in a research note on Thursday, February 28th. They issued a “neutral” rating and a $17.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.40.

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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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