Empire State Realty OP, L.P. (NYSE:ESBA) Declares Quarterly Dividend of $0.04

Empire State Realty OP, L.P. (NYSE:ESBA) announced a quarterly dividend on Monday, May 19th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.035 per share on Monday, June 30th. This represents a $0.14 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, June 13th.

Empire State Realty OP has raised its dividend payment by an average of 10.1% per year over the last three years.

Empire State Realty OP Trading Down 5.1%

ESBA traded down $0.41 during trading on Monday, hitting $7.54. 1,293 shares of the stock traded hands, compared to its average volume of 8,421. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $8.98. Empire State Realty OP has a 12-month low of $6.39 and a 12-month high of $11.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Empire State Realty OP stock. Brighton Jones LLC acquired a new stake in shares of Empire State Realty OP, L.P. (NYSE:ESBA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,311 shares of the company’s stock, valued at approximately $156,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Empire State Realty OP in a research report on Thursday. They issued a “hold” rating for the company.

Empire State Realty OP Company Profile

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