Press coverage about New York REIT (NYSE:NYRT) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York REIT earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6419717164253 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have commented on NYRT. SunTrust Banks set a $7.00 price objective on New York REIT and gave the company a “hold” rating in a research report on Friday, December 1st. ValuEngine raised New York REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. New York REIT has a consensus rating of “Hold” and a consensus price target of $8.38.
New York REIT (NYSE:NYRT) traded down $0.03 during trading hours on Friday, reaching $4.13. The company’s stock had a trading volume of 1,955,914 shares, compared to its average volume of 1,637,515. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.45. New York REIT has a one year low of $3.88 and a one year high of $10.10. The stock has a market capitalization of $693.55, a price-to-earnings ratio of -8.26 and a beta of 0.68.
The firm also recently announced a special dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, January 29th.
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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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