Hsbc Holdings PLC Raises Stock Holdings in Empire State Realty Trust, Inc. (NYSE:ESRT)

Hsbc Holdings PLC lifted its holdings in shares of Empire State Realty Trust, Inc. (NYSE:ESRT – Get Rating) by 43.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,826 shares of the real estate investment trust’s stock after purchasing an additional 34,004 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Empire State Realty Trust worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ESRT. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Empire State Realty Trust by 113.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,069 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 2,692 shares in the last quarter. Captrust Financial Advisors bought a new stake in Empire State Realty Trust in the 2nd quarter worth approximately $59,000. Fox Run Management L.L.C. bought a new stake in Empire State Realty Trust in the 2nd quarter worth approximately $75,000. Mackenzie Financial Corp bought a new stake in Empire State Realty Trust in the 2nd quarter worth approximately $77,000. Finally, US Bancorp DE lifted its position in Empire State Realty Trust by 21.9% in the 2nd quarter. US Bancorp DE now owns 11,267 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,024 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ESRT. Bank of America upgraded Empire State Realty Trust from a “neutral” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Wednesday. Citigroup boosted their target price on Empire State Realty Trust from $7.25 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday. BMO Capital Markets upgraded Empire State Realty Trust from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Friday. Finally, TheStreet raised Empire State Realty Trust from a “d+” rating to a “c” rating in a research note on Wednesday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.15.

Empire State Realty Trust Stock Performance

NYSE:ESRT opened at $7.74 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. Empire State Realty Trust, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $10.06. The company has a debt-to-equity ratio of 1.33, a quick ratio of 7.52 and a current ratio of 7.17. The business has a 50 day moving average price of $7.51 and a 200-day moving average price of $7.26.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Monday, December 19th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, December 16th. Empire State Realty Trust’s payout ratio is 63.64%.

Empire State Realty Trust Profile

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Empire State Realty Trust, Inc is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets.