Empire State Realty OP (NYSE:ESBA) Coverage Initiated by Analysts at StockNews.com

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

Empire State Realty OP Trading Down 5.9 %

Empire State Realty OP stock opened at $6.66 on Tuesday. The firm’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $9.27. Empire State Realty OP has a twelve month low of $6.39 and a twelve month high of $11.50.

Empire State Realty OP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 2.10%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ESBA. Bank of America Corp DE acquired a new stake in shares of Empire State Realty OP in the 4th quarter valued at $350,000. Bard Associates Inc. bought a new position in Empire State Realty OP during the fourth quarter valued at about $293,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Empire State Realty OP in the fourth quarter worth about $180,000. Citadel Advisors LLC lifted its position in shares of Empire State Realty OP by 40.0% in the fourth quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock worth $177,000 after buying an additional 4,960 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Empire State Realty OP in the fourth quarter worth about $156,000.

About Empire State Realty OP

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