Empire State Realty OP (NYSE:ESBA) Stock Price Down 2.2% – Here’s What Happened

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price fell 2.2% on Thursday . The company traded as low as $4.05 and last traded at $4.05. 670 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 7,905 shares. The stock had previously closed at $4.14.

Empire State Realty OP Stock Performance

The firm has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $5.14.

Empire State Realty OP Dividend Announcement

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

Institutional Investors Weigh In On Empire State Realty OP

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. purchased a new position in shares of Empire State Realty OP during the 4th quarter valued at approximately $181,000. Vectors Research Management LLC bought a new stake in shares of Empire State Realty OP in the first quarter worth $364,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Empire State Realty OP by 7,049.8% in the fourth 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 during the last quarter.

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.