Erez Asset Management Acquires 5.8% Stake in Empire State Realty Trust
ESRT Empire State Realty Trust Inc
$4.47 +0.90%
View chart & analysis → - 1Erez Asset Management paid a total of $43 million through Two Erez entities to acquire a 5.8% stake in ESRT on October 1.
- 2ESRT recorded an impairment charge of $166 million related to the Empire State Building observatory in the second quarter.
- 3ESRT shares rose 4.7% on Tuesday.
So what's the key point?
Erez Asset Management purchased $43 million worth of ESRT shares. Following this news, ESRT's stock price rose 4.7%.
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