Somewhat Favorable Press Coverage Somewhat Unlikely to Affect New York REIT (NYSE:NYRT) Stock Price

Headlines about New York REIT (NYSE:NYRT) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York REIT earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines 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 effect on the stock’s share price in the immediate future.

Several equities research analysts have weighed in on NYRT shares. ValuEngine upgraded shares of New York REIT from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks set a $7.00 target price on shares of New York REIT and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of New York REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.38.

New York REIT (NYSE:NYRT) traded down $0.02 during trading hours on Monday, hitting $1.97. 2,090,006 shares of the stock traded hands, compared to its average volume of 2,488,100. New York REIT has a 1-year low of $1.95 and a 1-year high of $10.08. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $334.18, a P/E ratio of -3.94 and a beta of 0.67.

The business also recently disclosed a special dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 19th were paid a dividend of $2.00 per share. The ex-dividend date was Monday, January 29th.

WARNING: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/12/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-new-york-reit-nyrt-stock-price.html.

About New York REIT

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.

Insider Buying and Selling by Quarter for New York REIT (NYSE:NYRT)

Receive News & Ratings for New York REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply