Empire State Realty OP (NYSE:ESBA) Stock Price Up 1.7% – Still a Buy?

Empire State Realty OP, L.P. (NYSE:ESBA) rose 1.7% during mid-day trading on Friday . The stock traded as high as $5.39 and last traded at $5.39. Approximately 4,297 shares traded hands during trading, a decline of 54% from the average daily volume of 9,306 shares. The stock had previously closed at $5.30.

Empire State Realty OP Stock Performance

The firm’s 50 day moving average is $5.26 and its 200-day moving average is $6.12.

Empire State Realty OP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, March 13th.

Hedge Funds Weigh In On Empire State Realty OP

Institutional investors and hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in Empire State Realty OP in the 3rd quarter valued at about $64,000. Citadel Advisors LLC boosted its holdings 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 last quarter. Brighton Jones LLC acquired a new position in Empire State Realty OP in the 4th quarter valued at about $156,000. Bard Associates Inc. acquired a new position in Empire State Realty OP in the 4th quarter valued at about $181,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Empire State Realty OP in the 3rd quarter valued at about $216,000.

About Empire State Realty OP

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.