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

Empire State Realty OP, L.P. (NYSE:ESBA) announced a quarterly dividend on Monday, May 19th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.035 per share on Monday, June 30th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, June 13th.

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

Empire State Realty OP Stock Performance

Shares of ESBA stock traded down $0.41 during trading hours on Monday, reaching $7.54. The company had a trading volume of 1,293 shares, compared to its average volume of 8,421. The business has a fifty day moving average price of $7.35 and a 200-day moving average price of $8.98. Empire State Realty OP has a one year low of $6.39 and a one year high of $11.50.

Hedge Funds Weigh In On Empire State Realty OP

An institutional investor recently bought a new position in Empire State Realty OP stock. Brighton Jones LLC purchased a new stake in shares of Empire State Realty OP, L.P. (NYSE:ESBA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,311 shares of the company’s stock, valued at approximately $156,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Empire State Realty OP in a report on Thursday. 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