Empire State Realty OP, L.P. (NYSE:ESBA) to Issue Quarterly Dividend of $0.04

Empire State Realty OP, L.P. (NYSE:ESBA) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.035 per share on Monday, March 31st. This represents a $0.14 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, March 14th.

Empire State Realty OP has raised its dividend payment by an average of 10.1% per year over the last three years.

Empire State Realty OP Stock Performance

Shares of ESBA traded up $0.11 during mid-day trading on Wednesday, reaching $8.03. The stock had a trading volume of 402 shares, compared to its average volume of 8,151. The business has a fifty day moving average of $9.22 and a 200 day moving average of $10.14. Empire State Realty OP has a 12 month low of $7.85 and a 12 month high of $11.50.

Hedge Funds Weigh In On Empire State Realty OP

A hedge fund recently bought a new stake in Empire State Realty OP stock. Brighton Jones LLC acquired a new stake in Empire State Realty OP, L.P. (NYSE:ESBA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,311 shares of the company’s stock, valued at approximately $156,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Empire State Realty OP in a research note on Saturday, March 1st. They issued a “hold” rating on the stock.

About Empire State Realty OP

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