Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT – Get Rating) by 61.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,000 shares of the real estate investment trust's stock after selling 241,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.09% of Empire State Realty Trust worth $1,463,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Empire State Realty Trust by 7.6% during the first quarter. Bank of Montreal Can now owns 27,846 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 1,955 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Empire State Realty Trust in the first quarter valued at approximately $141,000. William Blair Investment Management LLC raised its holdings in shares of Empire State Realty Trust by 9.4% in the first quarter. William Blair Investment Management LLC now owns 3,416,363 shares of the real estate investment trust's stock valued at $33,549,000 after purchasing an additional 292,313 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Empire State Realty Trust by 5.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,000,499 shares of the real estate investment trust's stock valued at $98,205,000 after purchasing an additional 498,690 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Empire State Realty Trust by 25.0% in the first quarter. Raymond James & Associates now owns 276,068 shares of the real estate investment trust's stock valued at $2,711,000 after purchasing an additional 55,271 shares during the last quarter. Institutional investors own 76.13% of the company's stock.
Get Empire State Realty Trust alerts:Empire State Realty Trust Price Performance
Empire State Realty Trust stock opened at $7.23 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.06 and a current ratio of 6.06. Empire State Realty Trust, Inc. has a 52 week low of $6.53 and a 52 week high of $11.07. The stock has a market capitalization of $1.21 billion, a P/E ratio of 144.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.12. The stock has a fifty day moving average of $7.53 and a 200-day moving average of $8.22.
Empire State Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.035 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.94%. Empire State Realty Trust's dividend payout ratio (DPR) is currently 280.00%.Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ESRT. TheStreet upgraded Empire State Realty Trust from a "d+" rating to a "c-" rating in a research note on Monday, August 1st. Wells Fargo & Company reduced their price objective on Empire State Realty Trust from $8.00 to $5.50 and set an "underweight" rating for the company in a report on Friday, July 1st. Evercore ISI set a $10.00 price objective on Empire State Realty Trust in a report on Monday, June 20th. Wolfe Research cut Empire State Realty Trust from an "outperform" rating to a "peer perform" rating in a report on Monday, August 1st. Finally, BMO Capital Markets upgraded shares of Empire State Realty Trust from an "underperform" rating to a "market perform" rating and increased their target price for the stock from $7.50 to $8.00 in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.88.
About Empire State Realty Trust
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Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), 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 World's Most Famous Building.
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