Gabelli Funds LLC raised its holdings in shares of New York REIT, Inc. (NYSE:NYRT) by 120.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 492,859 shares of the real estate investment trust’s stock after acquiring an additional 268,963 shares during the period. Gabelli Funds LLC owned approximately 0.30% of New York REIT worth $3,869,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Cowen Inc. grew its holdings in shares of New York REIT by 15.5% in the 2nd quarter. Cowen Inc. now owns 4,916,084 shares of the real estate investment trust’s stock valued at $42,475,000 after buying an additional 658,127 shares during the period. Real Estate Management Services LLC grew its holdings in shares of New York REIT by 4.3% in the 3rd quarter. Real Estate Management Services LLC now owns 2,806,000 shares of the real estate investment trust’s stock valued at $22,027,000 after buying an additional 115,100 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of New York REIT by 20.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,053,886 shares of the real estate investment trust’s stock valued at $17,741,000 after buying an additional 348,236 shares during the period. TAM Capital Management Inc. grew its holdings in shares of New York REIT by 52.3% in the 2nd quarter. TAM Capital Management Inc. now owns 1,796,495 shares of the real estate investment trust’s stock valued at $15,522,000 after buying an additional 616,702 shares during the period. Finally, Ranger Global Real Estate Advisors LLC grew its holdings in shares of New York REIT by 41.9% in the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 1,728,343 shares of the real estate investment trust’s stock valued at $14,933,000 after buying an additional 510,000 shares during the period. Institutional investors own 68.33% of the company’s stock.

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New York REIT, Inc. (NYSE NYRT) opened at $6.93 on Monday. The firm has a market cap of $1,163.75, a price-to-earnings ratio of 21.66 and a beta of 0.72. The company has a debt-to-equity ratio of 1.45, a current ratio of 5.24 and a quick ratio of 5.24. New York REIT, Inc. has a one year low of $6.65 and a one year high of $10.15.

The business also recently announced a dividend, which will be paid on Tuesday, November 28th. Investors of record on Monday, November 20th will be paid a $2.07 dividend. The ex-dividend date of this dividend is Friday, November 17th. This is a positive change from New York REIT’s previous dividend of $0.04.

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.

Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

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