NGAM Advisors L.P. raised its position in Empire State Realty Trust, Inc. (NYSE:ESRT) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,649 shares of the real estate investment trust’s stock after buying an additional 17,692 shares during the period. NGAM Advisors L.P. owned about 0.15% of Empire State Realty Trust worth $4,998,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in Empire State Realty Trust during the first quarter valued at $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Empire State Realty Trust by 8.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,318 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 569 shares during the period. First Mercantile Trust Co. increased its position in Empire State Realty Trust by 42.7% in the first quarter. First Mercantile Trust Co. now owns 10,830 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 3,240 shares during the period. TLP Group LLC increased its position in Empire State Realty Trust by 8,421.5% in the first quarter. TLP Group LLC now owns 11,504 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 11,369 shares during the period. Finally, Karp Capital Management Corp purchased a new position in Empire State Realty Trust during the first quarter valued at $357,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Empire State Realty Trust, Inc. (ESRT) opened at 21.07 on Monday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 53.75 and a beta of 1.01. The company’s 50-day moving average is $20.69 and its 200-day moving average is $20.84. Empire State Realty Trust, Inc. has a 12 month low of $18.62 and a 12 month high of $22.31.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Empire State Realty Trust had a return on equity of 3.85% and a net margin of 11.67%. The business had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $118.81 million. During the same period in the prior year, the business earned $0.24 EPS. Empire State Realty Trust’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Empire State Realty Trust, Inc. will post $0.92 earnings per share for the current year.

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ESRT has been the topic of several analyst reports. BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $21.00 target price on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. BMO Capital Markets set a $23.00 target price on shares of Empire State Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.20.

About Empire State Realty Trust

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, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

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

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