Empire State Realty OP, L.P. (NYSE:ESBA) Short Interest Down 33.3% in February

Empire State Realty OP, L.P. (NYSE:ESBA) was the recipient of a large drop in short interest in 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. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Boston Research & Management Inc. bought a new stake in shares of Empire State Realty OP during the fourth quarter worth approximately $109,000. Raymond James Financial Inc. bought a new stake in shares of Empire State Realty OP during the 4th quarter valued at $119,000. Janney Montgomery Scott LLC acquired a new position in shares of Empire State Realty OP in the 4th quarter valued at $138,000. Brighton Jones LLC bought a new position in shares of Empire State Realty OP in the 4th quarter worth $156,000. Finally, Citadel Advisors LLC grew its stake in shares of Empire State Realty OP by 40.0% during the fourth quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock worth $177,000 after purchasing an additional 4,960 shares during the period.

Empire State Realty OP Trading Up 0.4 %

Shares of ESBA traded up $0.03 during trading hours on Monday, hitting $8.00. 12,503 shares of the stock traded hands, compared to its average volume of 8,255. The business has a fifty day moving average of $9.05 and a 200-day moving average of $10.07. Empire State Realty OP has a 1-year low of $7.85 and a 1-year high of $11.50.

Empire State Realty OP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.75%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Empire State Realty OP in a research report on Saturday, March 1st. They issued a “hold” rating for the company.

About Empire State Realty OP

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