Empire State Realty OP (NYSE:ESBA) Shares Down 1.1% – Time to Sell?

Empire State Realty OP, L.P. (NYSE:ESBA) dropped 1.1% during mid-day trading on Monday . The company traded as low as $9.75 and last traded at $9.94. Approximately 21,250 shares changed hands during trading, an increase of 139% from the average daily volume of 8,903 shares. The stock had previously closed at $10.05.

Empire State Realty OP Stock Performance

The stock has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $10.35.

Empire State Realty OP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.41%.

Institutional Trading of Empire State Realty OP

A hedge fund recently raised its stake in Empire State Realty OP stock. Commonwealth Equity Services LLC grew its position in Empire State Realty OP, L.P. (NYSE:ESBA) by 20.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,569 shares of the company’s stock after buying an additional 12,713 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Empire State Realty OP were worth $689,000 as of its most recent SEC filing.

Empire State Realty OP Company Profile

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