New York REIT, Inc. (NYRT) Hits New 1-Year Low at $6.87
Shares of New York REIT, Inc. (NYSE:NYRT) hit a new 52-week low on Thursday . The company traded as low as $6.87 and last traded at $6.87, with a volume of 8592315 shares. The stock had previously closed at $7.32.
The company has a market capitalization of $1,150.31, a price-to-earnings ratio of 21.41 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.61 and a quick ratio of 2.61.
The firm also recently announced a dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th will be issued a dividend of $2.07 per share. This is a boost from New York REIT’s previous dividend of $0.04. The ex-dividend date of this dividend is Friday, November 17th.
Several large investors have recently modified their holdings of NYRT. Renaissance Technologies LLC acquired a new stake in shares of New York REIT during the first quarter worth $12,557,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of New York REIT during the second quarter worth $9,746,000. Tahithromos L.L.C. acquired a new stake in shares of New York REIT during the second quarter worth $7,347,000. Point72 Europe London LLP acquired a new stake in shares of New York REIT during the second quarter worth $6,134,000. Finally, Cowen Inc. raised its holdings in shares of New York REIT by 15.5% during the second quarter. Cowen Inc. now owns 4,916,084 shares of the real estate investment trust’s stock worth $42,475,000 after purchasing an additional 658,127 shares during the period. 70.48% of the stock is currently owned by institutional investors.
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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.
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