Xact Kapitalforvaltning AB acquired a new position in New York REIT (NYSE:NYRT) in the fourth quarter, Holdings Channel reports. The firm acquired 26,680 shares of the real estate investment trust’s stock, valued at approximately $105,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in New York REIT by 17.3% in the 3rd quarter. Wells Fargo & Company MN now owns 125,645 shares of the real estate investment trust’s stock worth $986,000 after acquiring an additional 18,534 shares during the last quarter. SG Americas Securities LLC purchased a new position in New York REIT in the 4th quarter worth approximately $100,000. Private Advisor Group LLC purchased a new position in New York REIT in the 4th quarter worth approximately $125,000. Dean Capital Investments Management LLC purchased a new position in New York REIT in the 4th quarter worth approximately $154,000. Finally, Bank of New York Mellon Corp raised its holdings in New York REIT by 35.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 157,790 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 41,629 shares during the last quarter.
NYSE:NYRT opened at $21.93 on Friday. The company has a quick ratio of 23.15, a current ratio of 23.15 and a debt-to-equity ratio of 0.26. New York REIT has a 12 month low of $19.30 and a 12 month high of $97.50. The company has a market capitalization of $369.61, a price-to-earnings ratio of 6.85 and a beta of 0.52.
A number of brokerages recently weighed in on NYRT. ValuEngine lowered shares of New York REIT from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. SunTrust Banks set a $26.00 price objective on shares of New York REIT and gave the stock a “hold” rating in a report on Sunday, March 18th. Finally, Zacks Investment Research lowered shares of New York REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. New York REIT currently has an average rating of “Hold” and an average price target of $61.75.
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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.
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