Empire State Realty OP (NYSE:ESBA) Shares Down 4.7% – Here’s What Happened

Empire State Realty OP, L.P. (NYSE:ESBA) shares fell 4.7% on Friday. The company traded as low as $4.70 and last traded at $4.7650. 36,942 shares changed hands during trading, an increase of 344% from the average daily volume of 8,322 shares. The stock had previously closed at $5.00.

Empire State Realty OP Trading Down 4.7%

The firm’s 50-day moving average price is $4.42 and its two-hundred day moving average price is $5.22.

Empire State Realty OP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.0350 dividend. This represents a $0.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 15th.

Institutional Investors Weigh In On Empire State Realty OP

An institutional investor recently bought a new position in Empire State Realty OP stock. Vectors Research Management LLC purchased a new position in shares of Empire State Realty OP, L.P. (NYSE:ESBA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 72,272 shares of the company’s stock, valued at approximately $364,000.

Empire State Realty OP Company Profile

Empire State Realty OP, L.P. is the operating partnership of Empire State Realty Trust, Inc, a real estate investment trust focused on owning, managing, and developing office and retail properties in the New York metropolitan area. The partnership holds substantially all of the REIT’s real estate assets and supports its property operations.

Its portfolio includes the Empire State Building, one of New York City’s most recognized landmarks, as well as other office and retail properties primarily located in Manhattan and the surrounding metropolitan region.