Heitman Real Estate Securities Llc Increased Empire State Rlty Tr Inc (NYSE:ESRT) Stake by $17.30 Million

August 13, 2018 - By Julie Barnes

Investors sentiment increased to 1.82 in Q1 2018. Its up 0.30, from 1.52 in 2017Q4. It is positive, as 12 investors sold ESRT shares while 44 reduced holdings. 34 funds opened positions while 68 raised stakes. 120.78 million shares or 6.26% less from 128.84 million shares in 2017Q4 were reported. Prudential Inc stated it has 1.75 million shares or 0.04% of all its holdings. Honeywell Interest holds 0.11% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT) for 115,200 shares. Parametric Port Lc has invested 0% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT). Cubist Systematic Strategies Limited Liability Corp has 0.03% invested in Empire State Realty Trust, Inc. (NYSE:ESRT) for 32,636 shares. Alliancebernstein Lp invested 0.05% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT). The North Carolina-based Bank Of America De has invested 0% in Empire State Realty Trust, Inc. (NYSE:ESRT). Qs Ltd Company reported 0% stake. Real Mngmt Svcs Lc stated it has 971,800 shares or 4.12% of all its holdings. Great West Life Assurance Can reported 0% in Empire State Realty Trust, Inc. (NYSE:ESRT). Adams Diversified Equity Fund Inc invested in 0.03% or 35,200 shares. Moreover, Pggm Investments has 0.08% invested in Empire State Realty Trust, Inc. (NYSE:ESRT). Pub Employees Retirement Of Ohio reported 51,619 shares stake. Eaton Vance invested 0% in Empire State Realty Trust, Inc. (NYSE:ESRT). Chilton Ltd Limited Liability Company has 1.18% invested in Empire State Realty Trust, Inc. (NYSE:ESRT) for 705,620 shares. Schwerin Boyle Capital Inc reported 0.55% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT).

Since March 5, 2018, it had 3 insider buys, and 0 sales for $4.78 million activity. Another trade for 1,000 shares valued at $16,830 was made by Giliberto Salvatore Michael on Monday, March 5. Shares for $4.75M were bought by Quark Holding LLC on Thursday, May 31.

Heitman Real Estate Securities Llc increased its stake in Empire State Rlty Tr Inc (NYSE:ESRT) by 57% based on its latest 2018Q2 regulatory filing with the SEC. Heitman Real Estate Securities Llc bought 961,058 shares as the company’s stock declined 4.00% with the market. The institutional investor held 2.65M shares of the consumer services company at the end of 2018Q2, valued at $49.52M, up from 1.69 million at the end of the previous reported quarter. Heitman Real Estate Securities Llc who had been investing in Empire State Rlty Tr Inc for a number of months, seems to be bullish on the $5.16B market cap company. The stock decreased 0.70% or $0.12 during the last trading session, reaching $16.98. About 904,075 shares traded. Empire State Realty Trust, Inc. (NYSE:ESRT) has declined 21.30% since August 13, 2017 and is downtrending. It has underperformed by 33.87% the S&P500.

Heitman Real Estate Securities Llc, which manages about $2.16B and $2.07B US Long portfolio, decreased its stake in Equity Residential (NYSE:EQR) by 143,709 shares to 309,186 shares, valued at $22.51M in 2018Q2, according to the filing. It also reduced its holding in Vornado Rlty Tr (NYSE:VNO) by 258,363 shares in the quarter, leaving it with 284,589 shares, and cut its stake in Coresite Rlty Corp (NYSE:COR).

Heitman Real Estate Securities Llc is a Illinois-based institutional investor with more than $2.16 billion AUM in March, 2014. Taken from Heitman Real Estate Securities latest Adv, the fund reported to have 17 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Empire State Realty Trust, Inc. (NYSE:ESRT) Ratings Coverage

Among 6 analysts covering Empire State Realty (NYSE:ESRT), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Empire State Realty had 8 analyst reports since February 21, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Tuesday, February 27 with “Buy”. Stifel Nicolaus downgraded the shares of ESRT in report on Friday, February 23 to “Hold” rating. The stock of Empire State Realty Trust, Inc. (NYSE:ESRT) has “Neutral” rating given on Tuesday, August 7 by Bank of America. BTIG Research downgraded Empire State Realty Trust, Inc. (NYSE:ESRT) on Tuesday, July 31 to “Neutral” rating. The firm earned “In-Line” rating on Monday, June 11 by Evercore. As per Friday, March 23, the company rating was maintained by Wells Fargo. The rating was maintained by BMO Capital Markets on Wednesday, February 21 with “Buy”. The firm earned “Hold” rating on Monday, February 26 by Stifel Nicolaus.

Empire State Realty Trust, Inc., a real estate investment trust , focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area. The company has market cap of $5.16 billion. It also intends to provide construction services to tenants and other entities. It has a 43.99 P/E ratio.

More news for Empire State Realty Trust, Inc. (NYSE:ESRT) were recently published by: Businesswire.com, which released: “Empire State Realty Trust Announces Second Quarter 2018 Results” on July 25, 2018. Seekingalpha.com‘s article titled: “Empire State Realty Trust’s (ESRT) CEO Tony Malkin on Q2 2018 Results – Earnings Call Transcript” and published on July 26, 2018 is yet another important article.

Empire State Realty Trust, Inc. (NYSE:ESRT) Institutional Positions Chart

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