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

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

Empire State Realty OP Price Performance

Empire State Realty OP stock opened at $7.08 on Friday. The company’s 50-day moving average price is $8.54 and its two-hundred day moving average price is $9.83. Empire State Realty OP has a twelve month low of $6.72 and a twelve month high of $11.50.

Hedge Funds Weigh In On Empire State Realty OP

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Empire State Realty OP during the 4th quarter worth approximately $180,000. Citadel Advisors LLC increased 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 purchasing an additional 4,960 shares during the period. Bank of America Corp DE acquired a new stake in shares of Empire State Realty OP in the fourth quarter valued at about $350,000. Raymond James Financial Inc. bought a new position in Empire State Realty OP during the 4th quarter worth approximately $119,000. Finally, Boston Research & Management Inc. bought a new position in Empire State Realty OP during the fourth quarter worth $109,000.

Empire State Realty OP Company Profile

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