Sterling Financial Group Inc. Trims Holdings in Empire State Realty OP, L.P. (NYSE:ESBA)

Posted by Faye Duncan on Oct 23rd, 2024

Sterling Financial Group Inc. reduced its stake in Empire State Realty OP, L.P. (NYSE:ESBA – Free Report) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,409 shares of the company’s stock after selling 8,113 shares during the quarter. Empire State Realty OP comprises approximately 0.4% of Sterling Financial Group Inc.’s holdings, making the stock its 28th largest position. Sterling Financial Group Inc.’s holdings in Empire State Realty OP were worth $988,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new stake in Empire State Realty OP during the 1st quarter valued at $210,000. Bessemer Group Inc. bought a new position in Empire State Realty OP during the first quarter valued at approximately $86,000. Finally, Commonwealth Equity Services LLC grew its position in Empire State Realty OP by 20.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 75,569 shares of the company’s stock worth $689,000 after purchasing an additional 12,713 shares during the period.

Empire State Realty OP Price Performance

Shares of ESBA stock remained flat at $11.00 on Wednesday. The stock had a trading volume of 30 shares, compared to its average volume of 8,727. Empire State Realty OP, L.P. has a 52-week low of $6.96 and a 52-week high of $11.50. The stock’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $9.85.

Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.035 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.14 annualized dividend and a yield of 1.27%.