Empire State Realty OP (NYSE:ESBA) Stock Price Up 0.1% – Here’s Why

Empire State Realty OP, L.P. (NYSE:ESBA) traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $5.40 and last traded at $5.4340. 849 shares were traded during trading, a decline of 91% from the average session volume of 9,580 shares. The stock had previously closed at $5.43.

Empire State Realty OP Price Performance

The business’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $6.31.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, March 13th.

Hedge Funds Weigh In On Empire State Realty OP

A number of hedge funds and other institutional investors have recently bought and sold shares of ESBA. Wolff Wiese Magana LLC acquired a new position in Empire State Realty OP during the third quarter worth approximately $64,000. Citadel Advisors LLC lifted its position in shares of Empire State Realty OP by 18.2% in the third quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock valued at $113,000 after buying an additional 2,343 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Empire State Realty OP in the fourth quarter valued at approximately $156,000. Bard Associates Inc. bought a new position in shares of Empire State Realty OP during the 4th quarter worth approximately $181,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Empire State Realty OP during the 3rd quarter worth approximately $216,000.

Empire State Realty OP Company Profile

Empire State Realty OP is the operating partnership affiliated with Empire State Realty Trust, a real estate investment trust focused on ownership, operation and redevelopment of office and retail properties. Through its portfolio, the company generates income primarily by leasing space in landmark and Class A office buildings, managing tenant relationships and overseeing property operations, maintenance and marketing efforts.

The partnership’s flagship asset is the iconic Empire State Building in New York City, a 102‐story office tower and major tourist attraction.