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

Empire State Realty OP, L.P. (NYSE:ESBA) declared a quarterly dividend on Friday, May 15th. Stockholders of record on Monday, June 15th will be given a dividend of 0.035 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th.

Empire State Realty OP Price Performance

Shares of Empire State Realty OP stock traded up $0.02 during mid-day trading on Friday, hitting $5.31. 303 shares of the stock were exchanged, compared to its average volume of 9,032. Empire State Realty OP has a twelve month low of $4.65 and a twelve month high of $8.75. The company has a 50-day simple moving average of $5.39 and a 200 day simple moving average of $5.88.

Institutional Investors Weigh In On Empire State Realty OP

Several hedge funds have recently modified their holdings of the company. Vectors Research Management LLC acquired a new stake in shares of Empire State Realty OP during the 1st quarter worth about $364,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Empire State Realty OP by 31.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,000 shares of the company’s stock worth $244,000 after acquiring an additional 9,000 shares during the period. Bard Associates Inc. purchased a new position in shares of Empire State Realty OP during the 4th quarter worth about $181,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Empire State Realty OP by 7,049.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,502,442 shares of the company’s stock worth $15,765,000 after acquiring an additional 2,467,442 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Empire State Realty OP during the 4th quarter worth about $535,000.

About Empire State Realty OP

Empire State Realty OP is the operating partnership affiliated with Empire State Realty Trust, a real estate investment trust focused on ownership, operation and redevelopment of office and retail properties. Through its portfolio, the company generates income primarily by leasing space in landmark and Class A office buildings, managing tenant relationships and overseeing property operations, maintenance and marketing efforts.

The partnership’s flagship asset is the iconic Empire State Building in New York City, a 102?story office tower and major tourist attraction.