Mutual of America Capital Management LLC Raises Holdings in New York REIT, Inc. (NYRT)
Mutual of America Capital Management LLC raised its position in New York REIT, Inc. (NYSE:NYRT) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,008 shares of the real estate investment trust’s stock after buying an additional 1,917 shares during the quarter. Mutual of America Capital Management LLC owned about 0.13% of New York REIT worth $1,935,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL bought a new stake in shares of New York REIT in the first quarter valued at approximately $108,000. Sei Investments Co. boosted its holdings in New York REIT by 86.3% in the 2nd quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 8,465 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in New York REIT in the 1st quarter worth approximately $173,000. Karp Capital Management Corp bought a new position in New York REIT in the 1st quarter worth approximately $181,000. Finally, Twin Focus Capital Partners LLC bought a new position in New York REIT in the 2nd quarter worth approximately $199,000. Hedge funds and other institutional investors own 70.56% of the company’s stock.
A number of research firms recently weighed in on NYRT. Zacks Investment Research upgraded shares of New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub cut shares of New York REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Compass Point restated a “buy” rating and set a $9.75 target price (down previously from $11.50) on shares of New York REIT in a research report on Friday, June 16th.
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Shares of New York REIT, Inc. (NYRT) opened at 7.81 on Wednesday. The company’s market capitalization is $1.30 billion. New York REIT, Inc. has a 1-year low of $7.25 and a 1-year high of $10.15. The company’s 50 day moving average price is $8.04 and its 200-day moving average price is $8.74.
New York REIT 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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