StockNews.com started coverage on shares of Empire State Realty OP (NYSE:ESBA – Get Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.
Empire State Realty OP Stock Performance
Empire State Realty OP stock opened at $6.15 on Tuesday. Empire State Realty OP has a 52 week low of $5.08 and a 52 week high of $8.49. The business has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $6.16.
Institutional Investors Weigh In On Empire State Realty OP
A number of hedge funds and other institutional investors have recently modified their holdings of ESBA. UBS Group AG lifted its stake in shares of Empire State Realty OP by 19.5% in the 1st quarter. UBS Group AG now owns 12,044 shares of the company’s stock valued at $118,000 after acquiring an additional 1,967 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in Empire State Realty OP during the 3rd quarter valued at approximately $139,000. Cassaday & Co Wealth Management LLC bought a new position in Empire State Realty OP during the 4th quarter valued at approximately $226,000. Raymond James & Associates raised its position in Empire State Realty OP by 17.7% during the 4th 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 during the last quarter. Finally, Advisor Group Holdings Inc. raised its position in Empire State Realty OP by 363.6% during the 4th 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 during the last quarter.
Empire State Realty OP Company Profile
Empire State Realty OP LP engages in real estate activities. It owns, manages, operates, acquires, and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The company was founded on November 28, 2011 and is headquartered in New York, NY.
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