Westpac Banking Corp lowered its position in Empire State Realty Trust Inc. (NYSE:ESRT) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 234,870 shares of the real estate investment trust’s stock after selling 10,497 shares during the period. Westpac Banking Corp owned approximately 0.19% of Empire State Realty Trust worth $3,931,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. BlackRock Japan Co. Ltd boosted its stake in shares of Empire State Realty Trust by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 6,216 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 87 shares during the period. Societe Generale acquired a new stake in shares of Empire State Realty Trust during the second quarter worth $111,000. SG Americas Securities LLC acquired a new stake in shares of Empire State Realty Trust during the second quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Empire State Realty Trust by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,898 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 582 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Empire State Realty Trust by 0.4% in the first quarter. Meeder Asset Management Inc. now owns 9,607 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 36 shares during the period. 95.85% of the stock is currently owned by institutional investors.

Empire State Realty Trust Inc. (NYSE:ESRT) opened at 21.32 on Friday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 67.68 and a beta of 0.95. The company has a 50-day moving average of $21.02 and a 200-day moving average of $19.29. Empire State Realty Trust Inc. has a 12 month low of $14.58 and a 12 month high of $22.31.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.02. The company earned $165.80 million during the quarter, compared to analyst estimates of $116.59 million. Empire State Realty Trust had a return on equity of 4.73% and a net margin of 10.33%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Analysts predict that Empire State Realty Trust Inc. will post $0.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.42 annualized dividend and a dividend yield of 1.97%. Empire State Realty Trust’s payout ratio is 131.25%.

A number of analysts recently weighed in on ESRT shares. BTIG Research started coverage on shares of Empire State Realty Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $24.00 price objective on the stock. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Finally, TheStreet raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $20.60.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company’s segments include Real Estate, Observatory and Other. The Real Estate segment includes the Company’s activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets.

5 Day Chart for NYSE:ESRT

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