New York REIT (NYRT) Sets New 12-Month Low at $4.94

New York REIT, Inc. (NYSE:NYRT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.94 and last traded at $4.99, with a volume of 2221400 shares. The stock had previously closed at $5.02.

A number of brokerages have issued reports on NYRT. SunTrust Banks set a $7.00 price objective on shares of New York REIT and gave the stock a “hold” rating in a research note on Friday, December 1st. ValuEngine upgraded shares of New York REIT from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. New York REIT has a consensus rating of “Hold” and an average target price of $8.38.

The company has a debt-to-equity ratio of 1.45, a quick ratio of 5.24 and a current ratio of 5.24. The stock has a market capitalization of $843.00, a P/E ratio of 15.69 and a beta of 0.68.

The business also recently declared a dividend, which was paid on Tuesday, November 28th. Stockholders of record on Monday, November 20th were paid a $2.07 dividend. This is an increase from New York REIT’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, November 17th.

Several institutional investors and hedge funds have recently bought and sold shares of NYRT. Aperio Group LLC boosted its stake in shares of New York REIT by 65.5% in the 2nd quarter. Aperio Group LLC now owns 30,952 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 12,247 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in New York REIT by 20.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,053,886 shares of the real estate investment trust’s stock valued at $17,741,000 after buying an additional 348,236 shares during the last quarter. Sei Investments Co. raised its holdings in New York REIT by 86.3% in the 2nd quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 8,465 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in New York REIT by 28.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 331,037 shares of the real estate investment trust’s stock valued at $2,860,000 after buying an additional 72,402 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in New York REIT by 149.5% in the 2nd quarter. Wedbush Securities Inc. now owns 56,500 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 33,853 shares during the last quarter. Institutional investors own 70.41% of the company’s stock.

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New York REIT Company Profile

New York REIT, Inc is a real estate investment trust. The Company owns a portfolio of commercial real estate. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. As of December 31, 2016, the Company owned 19 properties, which aggregated 3.3 million rentable square feet.

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