Empire State Realty OP (NYSE:ESBA) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $5.18 and traded as low as $5.00. Empire State Realty OP shares last traded at $5.1250, with a volume of 1,011 shares trading hands.

Empire State Realty OP Trading Up 3.4%

The company has a 50 day moving average price of $4.52 and a 200 day moving average price of $5.16.

Hedge Funds Weigh In On Empire State Realty OP

An institutional investor recently bought a new stake in Empire State Realty OP stock. Vectors Research Management LLC bought a new position in Empire State Realty OP, L.P. (NYSE:ESBA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 72,272 shares of the company’s stock, valued at approximately $364,000.

About Empire State Realty OP

Empire State Realty OP, L.P. is the operating partnership through which Empire State Realty Trust conducts its real estate business. The partnership owns and operates a portfolio of office, retail and multifamily properties, with a focus on Manhattan and the broader New York metropolitan area. Its portfolio includes the Empire State Building, along with other commercial properties leased to office and retail tenants. The partnership also operates the Empire State Building Observatory, a visitor attraction offering views of New York City.