Empire State Realty OP (NYSE:ESBA) Trading 2.2% Higher – Here’s What Happened

Empire State Realty OP, L.P. (NYSE:ESBA) was up 2.2% during trading on Wednesday . The company traded as high as $5.50 and last traded at $5.1490. Approximately 8,143 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 9,643 shares. The stock had previously closed at $5.04.

Empire State Realty OP Stock Performance

The business’s 50 day simple moving average is $5.78 and its 200 day simple moving average is $6.55.

Empire State Realty OP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 2.7%.

Institutional Trading of Empire State Realty OP

A number of large investors have recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Empire State Realty OP during the fourth quarter worth about $156,000. Citadel Advisors LLC increased its holdings in shares of Empire State Realty OP by 18.2% in the third quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock worth $113,000 after acquiring an additional 2,343 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Empire State Realty OP during the third quarter worth about $64,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Empire State Realty OP during the fourth quarter worth about $535,000. Finally, Bard Associates Inc. bought a new position in shares of Empire State Realty OP during the 4th quarter valued at about $181,000.

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.