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

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

Empire State Realty OP Trading Up 0.6%

The business’s 50-day moving average price is $6.56 and its two-hundred day moving average price is $7.09.

Empire State Realty OP Dividend Announcement

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. The ex-dividend date was Monday, December 15th. This represents a $0.14 annualized dividend and a yield of 2.2%.

Institutional Investors Weigh In On Empire State Realty OP

Several large investors have recently modified their holdings of the business. Wolff Wiese Magana LLC acquired a new stake in shares of Empire State Realty OP during the third quarter worth about $64,000. Concurrent Investment Advisors LLC bought a new stake in Empire State Realty OP during the 2nd quarter worth approximately $113,000. Citadel Advisors LLC raised its holdings in Empire State Realty OP by 18.2% during the 3rd quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock worth $113,000 after buying an additional 2,343 shares during the period. Brighton Jones LLC bought a new position in Empire State Realty OP in the fourth quarter valued at approximately $156,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Empire State Realty OP in the third quarter valued at 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.