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

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

Empire State Realty OP Stock Performance

ESBA stock opened at $7.66 on Friday. The business has a 50 day moving average price of $8.76 and a 200 day moving average price of $9.92. Empire State Realty OP has a fifty-two week low of $7.52 and a fifty-two week high of $11.50.

Empire State Realty OP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued 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 Investors Weigh In On Empire State Realty OP

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

About Empire State Realty OP

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