Boston Research & Management Inc. Invests $109,000 in Empire State Realty OP, L.P. (NYSE:ESBA)

Boston Research & Management Inc. bought a new position in Empire State Realty OP, L.P. (NYSE:ESBA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,754 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bard Associates Inc. bought a new position in Empire State Realty OP in the 4th quarter valued at $293,000. Brighton Jones LLC bought a new position in shares of Empire State Realty OP in the fourth quarter valued at about $156,000. Janney Montgomery Scott LLC acquired a new position in Empire State Realty OP during the 4th quarter worth about $138,000. Finally, Raymond James Financial Inc. bought a new stake in Empire State Realty OP during the 4th quarter worth about $119,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Empire State Realty OP in a research note on Friday. They issued a “hold” rating for the company.

Empire State Realty OP Stock Performance

ESBA stock opened at $7.66 on Monday. The company has a 50 day moving average price of $8.76 and a 200 day moving average price of $9.92. Empire State Realty OP, L.P. has a fifty-two week low of $7.52 and a fifty-two week high of $11.50.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.83%.

About Empire State Realty OP

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