Segall Bryant & Hamill LLC Sells 72,324 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)

Segall Bryant & Hamill LLC reduced its stake in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,002,434 shares of the real estate investment trust's stock after selling 72,324 shares during the period. Segall Bryant & Hamill LLC owned 0.60% of Empire State Realty Trust worth $11,107,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Empire State Realty Trust by 81.6% in the 3rd quarter. Signaturefd LLC now owns 3,391 shares of the real estate investment trust's stock worth $38,000 after buying an additional 1,524 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Empire State Realty Trust by 35.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,412 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 1,419 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Empire State Realty Trust during the 3rd quarter valued at about $129,000. Creative Planning increased its stake in shares of Empire State Realty Trust by 20.5% during the 3rd quarter. Creative Planning now owns 12,598 shares of the real estate investment trust's stock valued at $140,000 after acquiring an additional 2,145 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Empire State Realty Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 14,265 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 3,987 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Stock Performance

ESRT traded up $0.23 during midday trading on Friday, reaching $11.08. The company's stock had a trading volume of 1,055,714 shares, compared to its average volume of 1,125,154. Empire State Realty Trust, Inc. has a twelve month low of $8.39 and a twelve month high of $11.62. The stock has a market cap of $1.85 billion, a P/E ratio of 40.96 and a beta of 1.40. The company has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $10.24. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). The business had revenue of $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. During the same period last year, the firm posted $0.25 EPS. Research analysts expect that Empire State Realty Trust, Inc. will post 0.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ESRT has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Wells Fargo & Company increased their target price on Empire State Realty Trust from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 11th. Finally, StockNews.com lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, November 2nd.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc NYSE: ESRT is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.