Empire State Realty OP (NYSE:ESBA) Trading Down 1.8% – What’s Next?

Shares of Empire State Realty OP, L.P. (NYSE:ESBA) dropped 1.8% on Friday . The company traded as low as $4.80 and last traded at $4.8610. Approximately 724 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 8,365 shares. The stock had previously closed at $4.95.

Empire State Realty OP Trading Down 1.8%

The stock’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.58.

Empire State Realty OP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.035 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.14 dividend on an annualized basis and a yield of 2.9%.

Institutional Investors Weigh In On Empire State Realty OP

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Empire State Realty OP in the 4th quarter valued at about $156,000. Citadel Advisors LLC increased its position in shares of 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. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Empire State Realty OP in the 3rd quarter valued at approximately $216,000. Susquehanna International Group LLP raised its holdings in shares of Empire State Realty OP by 16.5% in the 3rd quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock valued at $839,000 after purchasing an additional 15,972 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Empire State Realty OP in the 4th quarter valued at $535,000.

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.