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

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

Empire State Realty OP Price Performance

The business has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $10.35.

Empire State Realty OP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On Empire State Realty OP

A hedge fund recently raised its stake in Empire State Realty OP stock. Commonwealth Equity Services LLC boosted its holdings in Empire State Realty OP, L.P. (NYSE:ESBA) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,569 shares of the company’s stock after purchasing 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