Empire State Realty OP (NYSE:ESBA) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Empire State Realty OP (NYSE:ESBA) in a research note published on Friday. The brokerage issued a hold rating on the stock.

Empire State Realty OP Price Performance

ESBA opened at $7.66 on Friday. The business’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $9.92. Empire State Realty OP has a 1 year low of $7.52 and a 1 year high of $11.50.

Empire State Realty OP Dividend Announcement

The company also recently announced 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. This represents a $0.14 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Empire State Realty OP

Large investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of Empire State Realty OP in the fourth quarter worth $350,000. Bard Associates Inc. acquired a new stake in Empire State Realty OP in the 4th quarter valued at $293,000. Wealth Enhancement Advisory Services LLC bought a new stake in Empire State Realty OP during the 4th quarter worth about $180,000. Citadel Advisors LLC boosted its stake in shares of Empire State Realty OP by 40.0% during the 4th quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock worth $177,000 after buying an additional 4,960 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of Empire State Realty OP during the 4th quarter worth about $156,000.

About Empire State Realty OP

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