Robeco Institutional Asset Management B.V. Acquires Shares of 520,000 Empire State Realty Trust, Inc. $ESRT

Robeco Institutional Asset Management B.V. bought a new stake in shares of Empire State Realty Trust, Inc. (NYSE:ESRT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 520,000 shares of the real estate investment trust’s stock, valued at approximately $3,983,000. Robeco Institutional Asset Management B.V. owned about 0.31% of Empire State Realty Trust as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC increased its holdings in Empire State Realty Trust by 21.3% in the third quarter. Inspire Investing LLC now owns 58,908 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 10,349 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Empire State Realty Trust by 4.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 302,721 shares of the real estate investment trust’s stock valued at $2,452,000 after acquiring an additional 14,084 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Empire State Realty Trust by 410.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 22,094 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 17,767 shares during the period. Resolution Capital Ltd bought a new position in Empire State Realty Trust during the 2nd quarter worth approximately $43,706,000. Finally, Lazard Asset Management LLC grew its holdings in Empire State Realty Trust by 4.6% during the second quarter. Lazard Asset Management LLC now owns 125,280 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 5,526 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Empire State Realty Trust Stock Down 2.2%

Empire State Realty Trust stock opened at $6.39 on Friday. The company has a 50 day moving average of $6.84 and a 200-day moving average of $7.36. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. Empire State Realty Trust, Inc. has a twelve month low of $6.33 and a twelve month high of $9.88. The stock has a market capitalization of $1.09 billion, a PE ratio of 30.40 and a beta of 1.34.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, December 15th. Empire State Realty Trust’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ESRT shares. Wells Fargo & Company cut their target price on shares of Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Empire State Realty Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.40.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.