Empire State Realty OP (NYSE:ESBA) Now Covered by StockNews.com

StockNews.com started coverage on shares of Empire State Realty OP (NYSE:ESBA) in a report issued on Friday morning. The firm issued a hold rating on the stock.

Empire State Realty OP Stock Performance

Empire State Realty OP stock opened at $7.66 on Friday. The company’s 50-day moving average is $8.76 and its 200-day moving average is $9.92. Empire State Realty OP has a fifty-two week low of $7.52 and a fifty-two week high of $11.50.

Empire State Realty OP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in Empire State Realty OP during the 4th quarter valued at $138,000. Bard Associates Inc. acquired a new position in shares of Empire State Realty OP in the fourth quarter valued at $293,000. Brighton Jones LLC bought a new position in shares of Empire State Realty OP in the fourth quarter valued at about $156,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Empire State Realty OP during the 4th quarter worth about $180,000. Finally, Bank of America Corp DE bought a new stake in shares of Empire State Realty OP during the 4th quarter worth about $350,000.

Empire State Realty OP Company Profile

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