Empire State Realty OP (NYSE:ESBA) Research Coverage Started at StockNews.com

Posted by George Bondi on May 10th, 2025

StockNews.com assumed coverage on shares of Empire State Realty OP (NYSE:ESBA – Free Report) in a report published on Wednesday morning. The firm issued a hold rating on the stock.

Empire State Realty OP Stock Performance

Shares of ESBA opened at $7.08 on Wednesday. Empire State Realty OP has a 12-month low of $6.39 and a 12-month high of $11.50. The company has a 50-day moving average of $7.40 and a two-hundred day moving average of $9.11.

Empire State Realty OP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.98%.

Institutional Trading of Empire State Realty OP

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its holdings in Empire State Realty OP by 40.0% in the fourth quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock valued at $177,000 after acquiring an additional 4,960 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Empire State Realty OP by 33.6% during the first quarter. Baker Avenue Asset Management LP now owns 21,346 shares of the company’s stock worth $166,000 after purchasing an additional 5,363 shares in the last quarter. Boston Research & Management Inc. purchased a new position in Empire State Realty OP in the 4th quarter valued at about $109,000. Raymond James Financial Inc. purchased a new position in Empire State Realty OP in the fourth quarter valued at about $119,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Empire State Realty OP during the fourth quarter worth approximately $138,000.