New York REIT (NYRT) Rating Lowered to Hold at ValuEngine

New York REIT (NYSE:NYRT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday, March 17th.

NYRT has been the subject of several other research reports. Zacks Investment Research cut New York REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. SunTrust Banks set a $70.00 target price on New York REIT and gave the company a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.75.

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Shares of NYSE:NYRT traded down $0.24 on Friday, hitting $21.45. The company’s stock had a trading volume of 67,234 shares, compared to its average volume of 193,388. New York REIT has a 12 month low of $19.30 and a 12 month high of $98.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 23.15 and a quick ratio of 23.15.

A number of hedge funds have recently made changes to their positions in NYRT. SG Americas Securities LLC bought a new position in New York REIT during the fourth quarter valued at about $100,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of New York REIT during the third quarter valued at $102,000. Xact Kapitalforvaltning AB purchased a new stake in shares of New York REIT during the fourth quarter valued at $105,000. Private Advisor Group LLC purchased a new stake in shares of New York REIT during the fourth quarter valued at $125,000. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of New York REIT during the third quarter valued at $146,000.

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New York REIT Company Profile

NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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