State Board of Administration of Florida Retirement System Acquires 3,090 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

State Board of Administration of Florida Retirement System increased its holdings in Empire State Realty Trust, Inc. (NYSE:ESRT – Get Rating) by 24.2% in the 4th quarter, Holdings Channel reports. The fund owned 15,873 shares of the real estate investment trust’s stock after buying an additional 3,090 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Empire State Realty Trust were worth $107,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ESRT. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Empire State Realty Trust by 14.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,928 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,497 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Empire State Realty Trust by 7.6% in the first quarter. Bank of Montreal Can now owns 27,846 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 1,955 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Empire State Realty Trust by 15.2% in the fourth quarter. ProShare Advisors LLC now owns 17,122 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,254 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Empire State Realty Trust by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 125,894 shares of the real estate investment trust’s stock worth $1,284,000 after buying an additional 2,956 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its holdings in shares of Empire State Realty Trust by 3.5% in the third quarter. Nicholas Hoffman & Company LLC. now owns 88,072 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 2,985 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. BMO Capital Markets raised shares of Empire State Realty Trust from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Friday, March 3rd. Citigroup boosted their price target on shares of Empire State Realty Trust from $7.25 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 1st. Evercore ISI upgraded shares of Empire State Realty Trust from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $7.00 to $8.00 in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Empire State Realty Trust from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Thursday, March 16th. Finally, Bank of America raised shares of Empire State Realty Trust from a “neutral” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and an average target price of $7.95.

Empire State Realty Trust Stock Up 11.1 %

Shares of ESRT opened at $6.53 on Wednesday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.46 and a beta of 1.19. Empire State Realty Trust, Inc. has a 12-month low of $5.39 and a 12-month high of $8.68. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 1.34. The firm has a fifty day moving average price of $6.07 and a 200-day moving average price of $6.94.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Wednesday, June 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 42.42%.

Empire State Realty Trust Company 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.