Empire State Realty OP (NYSE:ESBA) Stock Price Up 0% – Still a Buy?

Shares of Empire State Realty OP, L.P. (NYSE:ESBA) traded up 0% on Thursday . The stock traded as high as $4.73 and last traded at $4.6010. 6,257 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 8,112 shares. The stock had previously closed at $4.60.

Empire State Realty OP Price Performance

The company has a 50-day moving average price of $5.11 and a two-hundred day moving average price of $5.33.

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 dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Empire State Realty OP

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Empire State Realty OP in the fourth quarter worth approximately $156,000. Citadel Advisors LLC boosted its stake in Empire State Realty OP by 18.2% during the third quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock worth $113,000 after buying an additional 2,343 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Empire State Realty OP in the third quarter worth approximately $216,000. Susquehanna International Group LLP increased its position in shares of Empire State Realty OP by 16.5% during the third quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock worth $839,000 after acquiring an additional 15,972 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Empire State Realty OP during the 4th quarter worth about $535,000.

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.