Empire State Realty OP (NYSE:ESBA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Empire State Realty OP (NYSE:ESBA) in a research note released on Friday morning. The firm issued a hold rating on the stock.

Empire State Realty OP Price Performance

NYSE ESBA opened at $7.66 on Friday. Empire State Realty OP has a one year low of $7.52 and a one year high of $11.50. The firm has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $9.92.

Empire State Realty OP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in Empire State Realty OP in the 4th quarter valued at about $138,000. Brighton Jones LLC acquired a new stake in Empire State Realty OP in the fourth quarter valued at approximately $156,000. Bard Associates Inc. purchased a new position in Empire State Realty OP in the fourth quarter worth approximately $293,000. Raymond James Financial Inc. acquired a new position in Empire State Realty OP during the 4th quarter worth approximately $119,000. Finally, Boston Research & Management Inc. purchased a new stake in shares of Empire State Realty OP in the 4th quarter valued at approximately $109,000.

About Empire State Realty OP

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