Today: Today, Virginia Retirement Systems ET AL Sold shares of Empire State Realty Trust Inc. (ESRT)

Today, Virginia Retirement Systems ET AL Sold shares of Empire State Realty Trust Inc. (ESRT)

Virginia Retirement Systems ET AL reduced its stake in Empire State Realty Trust Inc. (NYSE:ESRT) by 94.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,490 shares of the real estate investment trust’s stock after selling 276,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Empire State Realty Trust were worth $345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Empire State Realty Trust by 20.7% in the first quarter. Legal & General Group Plc now owns 180,963 shares of the real estate investment trust’s stock valued at $3,173,000 after buying an additional 30,991 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Empire State Realty Trust by 9.0% in the second quarter. BNP Paribas Arbitrage SA now owns 18,297 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 1,513 shares in the last quarter. Breton Hill Capital Ltd. raised its position in shares of Empire State Realty Trust by 27.9% in the second quarter. Breton Hill Capital Ltd. now owns 37,203 shares of the real estate investment trust’s stock valued at $706,000 after buying an additional 8,110 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Empire State Realty Trust by 178.9% in the second quarter. Fox Run Management L.L.C. now owns 37,100 shares of the real estate investment trust’s stock valued at $705,000 after buying an additional 23,800 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Empire State Realty Trust by 33.8% in the second quarter. State of Alaska Department of Revenue now owns 63,540 shares of the real estate investment trust’s stock valued at $1,206,000 after buying an additional 16,050 shares in the last quarter. 79.41% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Inc. (NYSE:ESRT) traded up 0.61% on Friday, reaching $19.92. The company had a trading volume of 182,331 shares. The company has a market capitalization of $3.09 billion, a P/E ratio of 58.76 and a beta of 1.00. The stock’s 50-day moving average is $19.66 and its 200-day moving average is $19.98. Empire State Realty Trust Inc. has a 52 week low of $14.58 and a 52 week high of $22.31.

ESRT has been the subject of several research reports. Zacks Investment Research raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. BTIG Research initiated coverage on Empire State Realty Trust in a research report on Thursday, August 25th. They issued a “buy” rating and a $24.00 target price for the company. TheStreet raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Finally, BMO Capital Markets set a $24.00 target price on Empire State Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.17.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company’s segments include Real Estate, Observatory and Other. The Real Estate segment includes the Company’s activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets.

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