Empire State Realty OP (NYSE:ESBA) Stock Price Up 0.6% – What’s Next?

Empire State Realty OP, L.P. (NYSE:ESBA)’s share price shot up 0.6% during mid-day trading on Tuesday . The company traded as high as $6.59 and last traded at $6.51. 15,606 shares changed hands during trading, a decline of 7% from the average session volume of 16,782 shares. The stock had previously closed at $6.47.

Empire State Realty OP Stock Performance

The firm’s 50-day moving average price is $6.56 and its 200 day moving average price is $7.09.

Empire State Realty OP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ESBA. Susquehanna International Group LLP grew its stake in shares of Empire State Realty OP by 16.5% during the third quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock worth $839,000 after purchasing an additional 15,972 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Empire State Realty OP during the 3rd quarter worth about $216,000. Brighton Jones LLC acquired a new position in shares of Empire State Realty OP during the 4th quarter worth about $156,000. Citadel Advisors LLC increased its stake in shares of Empire State Realty OP by 18.2% in the 3rd quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock valued at $113,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Empire State Realty OP in the 2nd quarter valued at approximately $113,000.

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.