Empire State Realty OP (NYSE:ESBA) Stock Price Down 6.4% – What’s Next?

Empire State Realty OP, L.P. (NYSE:ESBA)’s share price dropped 6.4% during trading on Thursday . The company traded as low as $5.70 and last traded at $5.72. Approximately 3,187 shares were traded during trading, a decline of 77% from the average daily volume of 13,953 shares. The stock had previously closed at $6.11.

Empire State Realty OP Price Performance

The stock has a 50-day moving average price of $6.42 and a 200-day moving average price of $6.98.

Empire State Realty OP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.14 annualized dividend and a dividend yield of 2.4%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC bought a new stake in shares of Empire State Realty OP during the third quarter worth approximately $64,000. Citadel Advisors LLC boosted its stake in 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 purchasing an additional 2,343 shares during the period. Brighton Jones LLC acquired a new position in Empire State Realty OP in the 4th quarter valued at $156,000. Bard Associates Inc. bought a new position in Empire State Realty OP during the 4th quarter worth $181,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Empire State Realty OP during the third quarter worth $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.