National Asset Management Inc. decreased its stake in shares of New York REIT, Inc. (NYSE:NYRT) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,118 shares of the real estate investment trust’s stock after selling 7,554 shares during the period. National Asset Management Inc.’s holdings in New York REIT were worth $606,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL bought a new position in shares of New York REIT during the first quarter worth about $108,000. Dynamic Technology Lab Private Ltd bought a new position in shares of New York REIT during the first quarter worth about $173,000. Sei Investments Co. lifted its position in shares of New York REIT by 86.3% during the second quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 8,465 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of New York REIT during the first quarter worth about $181,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of New York REIT during the second quarter worth about $170,000. 70.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of New York REIT, Inc. (NYRT) traded up 0.13% during trading on Friday, reaching $7.81. 1,048,365 shares of the company’s stock were exchanged. The company’s market capitalization is $1.30 billion. The company has a 50 day moving average price of $7.94 and a 200-day moving average price of $8.65. New York REIT, Inc. has a 52-week low of $7.25 and a 52-week high of $10.15.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of New York REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Compass Point reaffirmed a “buy” rating and set a $9.75 price target (down previously from $11.50) on shares of New York REIT in a research report on Friday, June 16th.

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

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