New York REIT Inc (NYRT) : Forward Management scooped up 111,900 additional shares in New York REIT Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 246,000 shares of New York REIT Inc which is valued at $2,467,380.New York REIT Inc makes up approximately 0.19% of Forward Management’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services reduced its stake in NYRT by selling 6,483 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 87,994 shares of NYRT which is valued at $882,580. New York REIT Inc makes up approx 0.17% of Investors Capital Advisory Services’s portfolio. Sumitomo Mitsui Asset Management Company Ltd sold out all of its stake in NYRT during the most recent quarter. The investment firm sold 383,522 shares of NYRT which is valued $3,658,800.Monarch Partners Asset Management boosted its stake in NYRT in the latest quarter, The investment management firm added 547,890 additional shares and now holds a total of 1,668,286 shares of New York REIT Inc which is valued at $15,681,888. New York REIT Inc makes up approx 1.53% of Monarch Partners Asset Management’s portfolio.
New York REIT Inc (NYRT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.05 and reached the intraday high at $10.09. The bulls started the profit booking and pushed the shares to intraday low of $10.01. The trading session was marked by a volume range of 4,62,569 shares exchanging hands. The 52-week high of the shares is $11.9 and the 52-week low is $8.79. The market cap of the company stands at $1,662 M and there are 16,50,33,400 shares in public circulation.
On the company’s financial health, New York REIT Inc reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.10. The company had revenue of $399.00 million for the quarter, compared to analysts expectations of $41.08 million. The company’s revenue was up 815.1% compared to the same quarter last year.
Many Wall Street Analysts have commented on New York REIT Inc. Compass Point Initiated New York REIT Inc on Jun 30, 2016 to “Buy”, Price Target of the shares are set at $12.
New York REIT Inc. is a real estate investment trust. The Company focuses on acquiring income-producing commercial real estate in New York City. The Company primarily focuses on office and retail properties located in Manhattan. Approximately 95.9% of the Company’s properties are located in Manhattan while approximately 3.8% is located in Brooklyn and approximately 0.3% in Queens. The Company owns approximately 24 properties and real estate-related assets located in New York City. The Company’s properties aggregate approximately 3.4 million rentable square feet with an average occupancy of approximately 94.9% and an average remaining lease term of approximately 9.9 years. The Company’s portfolio primarily consists of office and retail properties representing approximately 82% and 9% of rentable square feet respectively. The Company conducts most of its business through New York Recovery Operating Partnership L.P.