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

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price dropped 1.8% during trading on Friday . The stock traded as low as $4.80 and last traded at $4.8610. 724 shares were traded during mid-day trading, a decline of 91% from the average session volume of 8,365 shares. The stock had previously closed at $4.95.

Empire State Realty OP Trading Down 1.8%

The business’s 50-day moving average is $5.39 and its 200-day moving average is $5.58.

Empire State Realty OP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.14 annualized dividend and a dividend yield of 2.9%.

Institutional Investors Weigh In On Empire State Realty OP

A number of large investors have recently bought and sold shares of ESBA. Northwestern Mutual Wealth Management Co. grew its position in Empire State Realty OP by 7,049.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,502,442 shares of the company’s stock worth $15,765,000 after acquiring an additional 2,467,442 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Empire State Realty OP in the 4th quarter valued at $535,000. Vectors Research Management LLC acquired a new position in Empire State Realty OP in the first quarter worth $364,000. Mercer Global Advisors Inc. ADV acquired a new position in Empire State Realty OP in the third quarter worth $216,000. Finally, Bard Associates Inc. acquired a new position in Empire State Realty OP in the fourth quarter worth $181,000.

About Empire State Realty OP

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.