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

Empire State Realty OP, L.P. (NYSE:ESBA) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.035 per share on Monday, March 31st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, March 14th.

Empire State Realty OP has raised its dividend payment by an average of 10.1% annually over the last three years.

Empire State Realty OP Stock Performance

Shares of ESBA stock traded up $0.18 during trading on Wednesday, reaching $8.10. 402 shares of the company’s stock traded hands, compared to its average volume of 8,151. Empire State Realty OP has a 1 year low of $7.85 and a 1 year high of $11.50. The firm’s 50-day moving average is $9.22 and its 200 day moving average is $10.14.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Empire State Realty OP in a report on Saturday, March 1st. They set a “hold” rating on the stock.

Institutional Trading of Empire State Realty OP

A hedge fund recently bought a new stake in Empire State Realty OP stock. Brighton Jones LLC purchased a new position in Empire State Realty OP, L.P. (NYSE:ESBA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,311 shares of the company’s stock, 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