Empire State Realty OP (NYSE:ESBA) Shares Down 1.1% – Time to Sell?

Empire State Realty OP, L.P. (NYSE:ESBA) shares fell 1.1% during trading on Monday . The stock traded as low as $9.75 and last traded at $9.94. 21,250 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 8,903 shares. The stock had previously closed at $10.05.

Empire State Realty OP Stock Up 2.4 %

The firm’s 50-day moving average price is $10.63 and its two-hundred day moving average price is $10.36.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.38%. The ex-dividend date was Monday, December 16th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Empire State Realty OP stock. Commonwealth Equity Services LLC increased its position in Empire State Realty OP, L.P. (NYSE:ESBA) by 20.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,569 shares of the company’s stock after buying an additional 12,713 shares during the period. Commonwealth Equity Services LLC’s holdings in Empire State Realty OP were worth $689,000 at the end of the most recent reporting period.

About Empire State Realty OP

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