Could Empire State Realty Trust, Inc. (ESRT) See a Reversal After This Very Weak Session?

Investors sentiment decreased to 0.94 in Q2 2019. Its down 0.35, from 1.29 in 2019Q1. It worsened, as 21 investors sold Empire State Realty Trust, Inc. shares while 57 reduced holdings. 24 funds opened positions while 49 raised stakes. 127.65 million shares or 3.51% more from 123.32 million shares in 2019Q1 were reported.
State Street stated it has 5.49M shares or 0.01% of all its holdings. Northwestern Mutual Wealth Management has invested 0% in Empire State Realty Trust, Inc. (NYSE:ESRT). Wolverine Asset Management Ltd Company, a Illinois-based fund reported 196,880 shares. Barclays Public Limited holds 0% or 160,410 shares in its portfolio. Blackrock reported 9.42M shares. Paloma Ptnrs Management Co accumulated 0% or 17,471 shares. First Mercantile has 0.02% invested in Empire State Realty Trust, Inc. (NYSE:ESRT) for 13,484 shares. Guggenheim Cap Limited Liability owns 21,687 shares for 0% of their portfolio. Kennedy Mngmt accumulated 476,109 shares. Brighton Jones Limited Liability Corporation accumulated 33,191 shares or 0.06% of the stock. Teachers & Annuity Association Of America invested 0.09% of its portfolio in Empire State Realty Trust, Inc. (NYSE:ESRT). Moreover, Tower Rech Cap Ltd Liability (Trc) has 0% invested in Empire State Realty Trust, Inc. (NYSE:ESRT). Westpac Banking accumulated 906,133 shares or 0% of the stock. Rafferty Asset Mgmt Ltd Com has invested 0.01% in Empire State Realty Trust, Inc. (NYSE:ESRT). 7.22 million are owned by Resolution Cap Limited.

The stock of Empire State Realty Trust, Inc. (NYSE:ESRT) is a huge mover today! The stock decreased 2.42% or $0.35 during the last trading session, reaching $14.31. About 839,706 shares traded. Empire State Realty Trust, Inc. (NYSE:ESRT) has declined 14.52% since September 13, 2018 and is downtrending. It has underperformed by 14.52% the S&P500.
The move comes after 5 months negative chart setup for the $5.17 billion company. It was reported on Sep, 13 by Barchart.com. We have $13.17 PT which if reached, will make NYSE:ESRT worth $413.28M less.

Analysts await Empire State Realty Trust, Inc. (NYSE:ESRT) to report earnings on October, 30. They expect $0.23 earnings per share, down 8.00 % or $0.02 from last year’s $0.25 per share. ESRT’s profit will be $83.03 million for 15.55 P/E if the $0.23 EPS becomes a reality. After $0.22 actual earnings per share reported by Empire State Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 4.55 % EPS growth.

More notable recent Empire State Realty Trust, Inc. (NYSE:ESRT) news were published by: Finance.Yahoo.com which released: “Volatility 101: Should Empire State Realty Trust (NYSE:ESRT) Shares Have Dropped 34%? – Yahoo Finance” on August 20, 2019, also Businesswire.com with their article: “Empire State Realty Trust, Inc. Announces Dividend for Second Quarter 2019 – Business Wire” published on May 17, 2019, Finance.Yahoo.com published: “Empire State Realty Trust Inc (ESRT) Q2 2019 Earnings Call Transcript – Yahoo Finance” on July 25, 2019. More interesting news about Empire State Realty Trust, Inc. (NYSE:ESRT) were released by: Seekingalpha.com and their article: “Empire State Realty Trust, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 21, 2019 as well as Streetinsider.com‘s news article titled: “UPDATE: BMO Capital Downgrades Empire State Realty (ESRT) to Market Perform – StreetInsider.com” with publication date: September 06, 2019.

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 $5.17 billion. It also intends to provide construction services to tenants and other entities. It has a 44.44 P/E ratio.

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

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