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

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price traded down 1.8% during trading on Friday . The company traded as low as $4.80 and last traded at $4.8610. Approximately 724 shares changed hands during 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 firm’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $5.58.

Empire State Realty OP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.035 per share. 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

Several large investors have recently modified their holdings of ESBA. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Empire State Realty OP by 7,049.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,502,442 shares of the company’s stock worth $15,765,000 after buying an additional 2,467,442 shares in the last quarter. Brighton Jones LLC acquired a new stake in Empire State Realty OP in the 4th quarter valued at $156,000. Susquehanna International Group LLP boosted its stake in 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 buying an additional 15,972 shares in the last quarter. Citadel Advisors LLC grew its position in Empire State Realty OP by 18.2% in the third quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock valued at $113,000 after acquiring an additional 2,343 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Empire State Realty OP in the fourth quarter valued at $535,000.

Empire State Realty OP Company Profile

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.