New York REIT (NYSE:NYRT) is set to release its earnings data before the market opens on Wednesday, February 28th.
Shares of New York REIT (NYRT) opened at $2.04 on Wednesday. The firm has a market cap of $341.73, a price-to-earnings ratio of 6.38 and a beta of 0.67. 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 has a 12-month low of $1.93 and a 12-month high of $10.03.
The company also recently declared a special dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 19th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, January 29th.
Several brokerages have weighed in on NYRT. Zacks Investment Research cut shares of New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. SunTrust Banks set a $7.00 price target on shares of New York REIT and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, ValuEngine raised shares of New York REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. New York REIT currently has an average rating of “Hold” and a consensus target price of $8.38.
An institutional investor recently raised its position in New York REIT stock. State Street Corp raised its position in shares of New York REIT Inc (NYSE:NYRT) by 58.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,229 shares of the real estate investment trust’s stock after buying an additional 55,810 shares during the period. State Street Corp owned about 0.09% of New York REIT worth $1,309,000 at the end of the most recent reporting period. 72.57% of the stock is currently owned by hedge funds and other institutional investors.
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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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