Empire State Realty OP, L.P. (NYSE:ESBA) Sees Large Decline in Short Interest

Empire State Realty OP, L.P. (NYSE:ESBA) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,800 shares, a drop of 33.3% from the February 13th total of 4,200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Empire State Realty OP in a report on Saturday, March 1st. They set a “hold” rating on the stock.

Empire State Realty OP Trading Down 2.5 %

Empire State Realty OP stock traded down $0.20 during mid-day trading on Friday, reaching $7.88. The stock had a trading volume of 537 shares, compared to its average volume of 8,235. Empire State Realty OP has a fifty-two week low of $7.85 and a fifty-two week high of $11.50. The stock’s 50-day simple moving average is $9.09 and its 200-day simple moving average is $10.09.

Empire State Realty OP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Empire State Realty OP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in shares of Empire State Realty OP during the fourth quarter worth about $350,000. Bard Associates Inc. acquired a new position in Empire State Realty OP during the 4th quarter valued at about $293,000. Brighton Jones LLC bought a new stake in Empire State Realty OP during the 4th quarter worth approximately $156,000. Janney Montgomery Scott LLC bought a new stake in Empire State Realty OP during the 4th quarter worth approximately $138,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Empire State Realty OP in the fourth quarter worth approximately $119,000.

About Empire State Realty OP

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