Empire State Realty OP (NYSE:ESBA) Stock Price Down 1.4% – Should You Sell?

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price fell 1.4% during trading on Thursday . The stock traded as low as $5.34 and last traded at $5.4020. Approximately 3,151 shares changed hands during trading, a decline of 64% from the average daily volume of 8,653 shares. The stock had previously closed at $5.48.

Empire State Realty OP Stock Performance

The stock’s fifty day moving average price is $5.40 and its two-hundred day moving average price is $5.67.

Empire State Realty OP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.14 dividend on an annualized basis and a yield of 2.6%.

Institutional Investors Weigh In On Empire State Realty OP

Several institutional investors and hedge funds have recently bought and sold shares of ESBA. Citadel Advisors LLC grew its position 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 worth $113,000 after buying an additional 2,343 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Empire State Realty OP during the fourth quarter valued at approximately $156,000. Bard Associates Inc. purchased a new stake in Empire State Realty OP in the fourth quarter worth $181,000. Mercer Global Advisors Inc. ADV purchased a new stake in Empire State Realty OP in the third quarter worth $216,000. Finally, Vectors Research Management LLC bought a new stake in Empire State Realty OP in the first quarter valued at $364,000.

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.