Empire State Realty OP (NYSE:ESBA) Trading Down 2.2% – Here’s Why

Shares of Empire State Realty OP, L.P. (NYSE:ESBA) were down 2.2% on Thursday . The stock traded as low as $4.05 and last traded at $4.05. 670 shares changed hands during trading, a decline of 92% from the average session volume of 7,905 shares. The stock had previously closed at $4.14.

Empire State Realty OP Trading Down 2.3%

The stock’s fifty day simple moving average is $4.78 and its two-hundred day simple moving average is $5.13.

Empire State Realty OP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.035 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.14 annualized dividend and a yield of 3.5%.

Hedge Funds Weigh In On Empire State Realty OP

A hedge fund recently bought a new stake in Empire State Realty OP stock. Bard Associates Inc. bought a new stake in shares of Empire State Realty OP, L.P. (NYSE:ESBA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,778 shares of the company’s stock, valued at approximately $181,000.

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.