Empire State Realty OP (NYSE:ESBA) Stock Price Down 1.1% – Time to Sell?

Empire State Realty OP, L.P. (NYSE:ESBA)’s stock price was down 1.1% during trading on Monday . The stock traded as low as $9.75 and last traded at $9.94. Approximately 21,250 shares changed hands during trading, an increase of 139% from the average daily volume of 8,903 shares. The stock had previously closed at $10.05.

Empire State Realty OP Price Performance

The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.36.

Empire State Realty OP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 annualized dividend and a yield of 1.38%.

Hedge Funds Weigh In On Empire State Realty OP

An institutional investor recently raised its position in Empire State Realty OP stock. Commonwealth Equity Services LLC increased its stake in Empire State Realty OP, L.P. (NYSE:ESBA) by 20.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,569 shares of the company’s stock after acquiring an additional 12,713 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Empire State Realty OP were worth $689,000 at the end of the most recent quarter.

Empire State Realty OP Company Profile

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