Empire State Realty OP (NYSE:ESBA) Trading Down 1.4% – Here’s What Happened

Empire State Realty OP, L.P. (NYSE:ESBA) shares traded down 1.4% during trading on Thursday . The stock traded as low as $5.34 and last traded at $5.4020. Approximately 3,151 shares changed hands during trading, a decline of 64% from the average session volume of 8,653 shares. The stock had previously closed at $5.48.

Empire State Realty OP Stock Down 1.4%

The stock has a 50 day moving average price of $5.40 and a two-hundred day moving average price of $5.67.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of Empire State Realty OP

A number of institutional investors and hedge funds have recently bought and sold shares of ESBA. Brighton Jones LLC purchased a new position in shares of Empire State Realty OP in the fourth quarter valued at approximately $156,000. Citadel Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,343 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Empire State Realty OP during the 3rd quarter worth approximately $216,000. Susquehanna International Group LLP increased its stake in Empire State Realty OP by 16.5% during the 3rd quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock worth $839,000 after buying an additional 15,972 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Empire State Realty OP during the 4th quarter worth approximately $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.