StockNews.com Begins Coverage on Empire State Realty OP (NYSE:ESBA)

Stock analysts at StockNews.com started coverage on shares of Empire State Realty OP (NYSE:ESBA) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Empire State Realty OP Stock Up 4.5 %

NYSE:ESBA opened at $9.24 on Friday. The company has a 50-day moving average of $9.45 and a 200-day moving average of $10.22. Empire State Realty OP has a 52 week low of $7.85 and a 52 week high of $11.50.

Hedge Funds Weigh In On Empire State Realty OP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its stake in Empire State Realty OP by 40.0% during the fourth quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock worth $177,000 after acquiring an additional 4,960 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Empire State Realty OP in the 4th quarter worth about $350,000. Raymond James Financial Inc. acquired a new stake in shares of Empire State Realty OP during the 4th quarter worth about $119,000. Boston Research & Management Inc. bought a new position in Empire State Realty OP during the 4th quarter valued at about $109,000. Finally, Bard Associates Inc. acquired a new position in Empire State Realty OP in the fourth quarter valued at about $293,000.

Empire State Realty OP Company Profile

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