Gamco Investors INC. ET AL Buys 30,348 Shares of New York REIT, Inc. (NYRT)

Gamco Investors INC. ET AL boosted its stake in New York REIT, Inc. (NYSE:NYRT) by 76.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,273 shares of the real estate investment trust’s stock after purchasing an additional 30,348 shares during the period. Gamco Investors INC. ET AL’s holdings in New York REIT were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nine Chapters Capital Management LLC acquired a new stake in New York REIT during the 3rd quarter worth about $504,000. Westpac Banking Corp grew its holdings in New York REIT by 3.9% during the 3rd quarter. Westpac Banking Corp now owns 528,095 shares of the real estate investment trust’s stock worth $4,146,000 after acquiring an additional 19,910 shares during the period. Real Estate Management Services LLC grew its holdings in New York REIT by 4.3% during the 3rd quarter. Real Estate Management Services LLC now owns 2,806,000 shares of the real estate investment trust’s stock worth $22,027,000 after acquiring an additional 115,100 shares during the period. First Manhattan Co. grew its holdings in New York REIT by 100.0% during the 3rd quarter. First Manhattan Co. now owns 20,000 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 10,000 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in New York REIT by 31.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 47,085 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 11,389 shares during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.

Shares of New York REIT, Inc. (NYSE NYRT) opened at $7.07 on Thursday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.45. New York REIT, Inc. has a 1-year low of $6.65 and a 1-year high of $10.15. The firm has a market capitalization of $1,187.26, a PE ratio of 22.09 and a beta of 0.72.

The firm also recently declared a dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th will be issued a dividend of $2.07 per share. This is an increase from New York REIT’s previous dividend of $0.04. The ex-dividend date of this dividend is Friday, November 17th.

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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.

Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

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