Empire State Realty OP (NYSE:ESBA) Now Covered by Analysts at StockNews.com

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

Empire State Realty OP Price Performance

Shares of NYSE:ESBA opened at $7.80 on Friday. The stock’s 50-day moving average price is $8.80 and its two-hundred day moving average price is $9.93. Empire State Realty OP has a 12-month low of $7.52 and a 12-month high of $11.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its position 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 valued at $177,000 after acquiring an additional 4,960 shares during the period. Boston Research & Management Inc. purchased a new stake in shares of Empire State Realty OP during the 4th quarter worth about $109,000. Raymond James Financial Inc. acquired a new stake in Empire State Realty OP during the 4th quarter worth approximately $119,000. Janney Montgomery Scott LLC acquired a new stake in Empire State Realty OP during the 4th quarter worth approximately $138,000. Finally, Brighton Jones LLC acquired a new position in Empire State Realty OP during the fourth quarter valued at approximately $156,000.

About Empire State Realty OP

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