Empire State Realty Trust, Inc. $ESRT Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 596.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,036,250 shares of the real estate investment trust’s stock after buying an additional 887,375 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.61% of Empire State Realty Trust worth $7,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Amundi boosted its holdings in shares of Empire State Realty Trust by 2.0% in the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after acquiring an additional 1,562 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Empire State Realty Trust by 35.9% during the first quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 7,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Empire State Realty Trust by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 4,535 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Empire State Realty Trust by 137.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock valued at $24,284,000 after purchasing an additional 1,798,850 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Empire State Realty Trust by 9.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock valued at $8,869,000 after purchasing an additional 98,148 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Stock Up 2.9%

Shares of NYSE ESRT opened at $6.59 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 31.36 and a beta of 1.34. The company’s 50-day simple moving average is $6.75 and its 200-day simple moving average is $7.31. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. Empire State Realty Trust, Inc. has a 52-week low of $6.09 and a 52-week high of $9.88.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Empire State Realty Trust’s payout ratio is presently 66.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ESRT shares. Wells Fargo & Company decreased their price objective on Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating for the company in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Empire State Realty Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and an average target price of $8.40.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.