Empire State Realty OP, L.P. (NYSE:ESBA) Sees Large Decline in Short Interest

Empire State Realty OP, L.P. (NYSE:ESBA) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 600 shares, a drop of 14.3% from the March 15th total of 700 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Empire State Realty OP from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th.

Empire State Realty OP Trading Up 1.9 %

Shares of NYSE:ESBA opened at $9.22 on Tuesday. The firm’s fifty day moving average is $9.71 and its 200-day moving average is $9.14. Empire State Realty OP has a 52 week low of $5.08 and a 52 week high of $10.50.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.52%.

Hedge Funds Weigh In On Empire State Realty OP

Several hedge funds and other institutional investors have recently bought and sold shares of ESBA. UBS Group AG lifted its holdings in Empire State Realty OP by 19.5% in the first quarter. UBS Group AG now owns 12,044 shares of the company’s stock valued at $118,000 after buying an additional 1,967 shares during the period. Raymond James & Associates increased its stake in Empire State Realty OP by 17.7% in the fourth quarter. Raymond James & Associates now owns 20,251 shares of the company’s stock valued at $132,000 after purchasing an additional 3,045 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Empire State Realty OP by 363.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,780 shares of the company’s stock valued at $51,000 after purchasing an additional 6,102 shares in the last quarter. Creative Planning increased its stake in Empire State Realty OP by 45.5% in the fourth quarter. Creative Planning now owns 17,977 shares of the company’s stock valued at $117,000 after purchasing an additional 5,621 shares in the last quarter. Finally, CI Private Wealth LLC bought a new stake in Empire State Realty OP in the fourth quarter valued at $305,000.

Empire State Realty OP Company Profile

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