Nomura Asset Management Co. Ltd. cut its stake in Empire State Realty Trust Inc (NYSE:ESRT) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,880 shares of the real estate investment trust’s stock after selling 8,260 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Empire State Realty Trust were worth $1,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Empire State Realty Trust by 3.3% during the 2nd quarter. BlackRock Inc. now owns 7,131,040 shares of the real estate investment trust’s stock worth $148,111,000 after purchasing an additional 229,390 shares during the last quarter. BT Investment Management Ltd acquired a new stake in shares of Empire State Realty Trust during the 2nd quarter worth about $2,526,000. American Century Companies Inc. increased its position in shares of Empire State Realty Trust by 11.0% during the 2nd quarter. American Century Companies Inc. now owns 4,143,964 shares of the real estate investment trust’s stock worth $86,070,000 after purchasing an additional 411,503 shares during the last quarter. Legal & General Group Plc increased its position in shares of Empire State Realty Trust by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 746,979 shares of the real estate investment trust’s stock worth $15,515,000 after purchasing an additional 58,625 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Empire State Realty Trust by 0.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,322,597 shares of the real estate investment trust’s stock worth $150,407,000 after purchasing an additional 20,312 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Inc (NYSE:ESRT) opened at $20.48 on Friday. Empire State Realty Trust Inc has a twelve month low of $19.54 and a twelve month high of $21.98. The company has a market capitalization of $3,267.49, a PE ratio of 21.24, a P/E/G ratio of 5.24 and a beta of 0.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. The firm had revenue of $122.39 million for the quarter, compared to analysts’ expectations of $122.22 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. equities analysts anticipate that Empire State Realty Trust Inc will post 0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is 107.70%.

A number of analysts recently issued reports on ESRT shares. Zacks Investment Research downgraded Empire State Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet cut Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. BMO Capital Markets restated a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a report on Wednesday, November 1st. BidaskClub cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, Evercore ISI upgraded Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price for the company in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.50.

In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the completion of the transaction, the chairman now directly owns 156,416 shares in the company, valued at approximately $3,198,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.80% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/12/15/nomura-asset-management-co-ltd-sells-8260-shares-of-empire-state-realty-trust-inc-esrt.html.

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

Want to see what other hedge funds are holding ESRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Empire State Realty Trust Inc (NYSE:ESRT).

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

Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.