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

August 13, 2018 - By Jacob Reddy

Investors sentiment increased to 1.82 in Q1 2018. Its up 0.30, from 1.52 in 2017Q4. It increased, 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. Metropolitan Life invested in 10,635 shares or 0% of the stock. Covington Cap stated it has 100 shares. Rhode Island-based Amica Retiree Medical Tru has invested 0.33% in Empire State Realty Trust, Inc. (NYSE:ESRT). The New York-based Oppenheimer Asset Mngmt has invested 0.01% in Empire State Realty Trust, Inc. (NYSE:ESRT). Zurcher Kantonalbank (Zurich Cantonalbank) reported 13,502 shares or 0% of all its holdings. Vanguard Grp Inc has 21.83M shares for 0.02% of their portfolio. Verition Fund Mgmt holds 12,730 shares or 0.02% of its portfolio. Art Advsr Ltd Liability Company owns 66,600 shares or 0.04% of their US portfolio. Putnam Invests Lc invested in 31,340 shares. Alpine Woods Capital Invsts Lc has invested 0.04% in Empire State Realty Trust, Inc. (NYSE:ESRT). Clearbridge Invs Limited Co holds 80,957 shares or 0% of its portfolio. Sei Company accumulated 917,682 shares. First Mercantile Company has invested 0.04% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT). Alliancebernstein Ltd Partnership accumulated 4.50M shares. Cohen And Steers owns 14.55M shares.

Since March 5, 2018, it had 3 buys, and 0 sales for $4.78 million activity. Shares for $16,830 were bought by Giliberto Salvatore Michael. $16,650 worth of Empire State Realty Trust, Inc. (NYSE:ESRT) was bought by KARP DAVID A.

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 1.69M 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 Digital Rlty Tr Inc (NYSE:DLR) by 195,893 shares to 206,330 shares, valued at $23.78M in 2018Q2, according to the filing. It also reduced its holding in Chesapeake Lodging Tr (NYSE:CHSP) by 281,088 shares in the quarter, leaving it with 609,639 shares, and cut its stake in Kilroy Rlty Corp (NYSE:KRC).

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 company was downgraded on Tuesday, July 31 by BTIG Research. On Wednesday, February 21 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, February 26. As per Friday, March 23, the company rating was maintained by Wells Fargo. On Friday, February 23 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Tuesday, February 27, the company rating was maintained by BMO Capital Markets. Bank of America downgraded the stock to “Neutral” rating in Tuesday, August 7 report. The firm earned “In-Line” rating on Monday, June 11 by Evercore.

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

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

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