Empire State Realty OP (NYSE:ESBA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Empire State Realty OP (NYSE:ESBA) in a research report report published on Monday morning. The brokerage issued a hold rating on the stock.

Empire State Realty OP Trading Up 10.2 %

Empire State Realty OP stock opened at $7.12 on Monday. Empire State Realty OP has a 52 week low of $6.39 and a 52 week high of $11.50. The business’s 50-day simple moving average is $7.81 and its 200-day simple moving average is $9.43.

Empire State Realty OP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.035 per share. The ex-dividend date was Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.97%.

Institutional Investors Weigh In On Empire State Realty OP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in Empire State Realty OP in the 4th quarter valued at $350,000. Bard Associates Inc. bought a new stake in shares of Empire State Realty OP in the fourth quarter valued at about $293,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Empire State Realty OP during the fourth quarter worth about $180,000. Citadel Advisors LLC increased its stake in Empire State Realty OP by 40.0% during the fourth quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock valued at $177,000 after acquiring an additional 4,960 shares during the period. Finally, Brighton Jones LLC acquired a new position in Empire State Realty OP in the 4th quarter valued at approximately $156,000.

About Empire State Realty OP

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc