The Bank of Montreal Can Has $188,000 Position in Empire State Realty Trust Inc (ESRT)

The Bank of Montreal Can Has $188,000 Position in Empire State Realty Trust Inc (ESRT)

A number of other institutional investors also recently bought and sold shares of ESRT. Envestnet Asset Management Inc. raised its position in Empire State Realty Trust by 22.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,586 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 2,480 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Empire State Realty Trust during the fourth quarter valued at $456,000. Pensionfund Sabic raised its position in Empire State Realty Trust by 8.3% in the first quarter. Pensionfund Sabic now owns 26,000 shares of the real estate investment trust’s stock valued at $537,000 after buying an additional 2,000 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in Empire State Realty Trust during the fourth quarter valued at $684,000. Finally, Global Endowment Management LP raised its position in Empire State Realty Trust by 225.8% in the third quarter. Global Endowment Management LP now owns 60,590 shares of the real estate investment trust’s stock valued at $1,269,000 after buying an additional 41,990 shares during the last quarter. Institutional investors own 82.96% of the company’s stock.

Bank of Montreal Can lowered its stake in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 48.4% during the first quarter, Holdings Channel reports. The fund owned 9,108 shares of the real estate investment trust’s stock after selling 8,552 shares during the period. Bank of Montreal Can’s holdings in Empire State Realty Trust were worth $188,000 as of its most recent filing with the SEC.

Empire State Realty Trust Inc (NYSE:ESRT) opened at 21.32 on Monday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 56.40 and a beta of 0.98. The firm’s 50-day moving average is $20.98 and its 200-day moving average is $20.60. Empire State Realty Trust Inc has a 12 month low of $18.31 and a 12 month high of $22.31.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Empire State Realty Trust had a return on equity of 3.60% and a net margin of 8.70%. The business had revenue of $164.95 million during the quarter, compared to analyst estimates of $118.20 million. During the same quarter in the previous year, the firm earned $0.22 EPS. Empire State Realty Trust’s revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that Empire State Realty Trust Inc will post $0.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is 123.53%. Several equities analysts recently weighed in on ESRT shares. TheStreet upgraded shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. BMO Capital Markets set a $23.00 price target on shares of Empire State Realty Trust and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Finally, Evercore ISI started coverage on shares of Empire State Realty Trust in a research report on Wednesday, May 31st. They set an “in-line” rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.50.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ESRT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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