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

Empire State Realty OP, L.P. (NYSE:ESBA) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.035 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th.

Empire State Realty OP Stock Performance

ESBA stock opened at $4.87 on Thursday. Empire State Realty OP has a 52-week low of $4.65 and a 52-week high of $8.30. The stock’s fifty day simple moving average is $5.35 and its 200-day simple moving average is $5.55.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Empire State Realty OP by 7,049.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,502,442 shares of the company’s stock valued at $15,765,000 after purchasing an additional 2,467,442 shares during the period. Susquehanna International Group LLP grew its stake in shares of Empire State Realty OP by 16.5% during the 3rd quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock valued at $839,000 after buying an additional 15,972 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Empire State Realty OP during the 4th quarter worth $535,000. Vectors Research Management LLC purchased a new position in shares of Empire State Realty OP in the 1st quarter worth $364,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Empire State Realty OP by 31.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,000 shares of the company’s stock valued at $244,000 after acquiring an additional 9,000 shares during the last quarter.

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.