Royce & Associates LP Has $5.47 Million Holdings in New York REIT, Inc. (NYRT)
Royce & Associates LP grew its holdings in shares of New York REIT, Inc. (NYSE:NYRT) by 48.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,088 shares of the real estate investment trust’s stock after buying an additional 227,088 shares during the quarter. Royce & Associates LP owned approximately 0.42% of New York REIT worth $5,472,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of NYRT. Long Pond Capital LP bought a new stake in New York REIT during the 3rd quarter worth about $88,123,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of New York REIT in the 2nd quarter valued at about $9,746,000. Tahithromos L.L.C. bought a new stake in shares of New York REIT in the 2nd quarter valued at about $7,347,000. Point72 Europe London LLP bought a new stake in shares of New York REIT in the 2nd quarter valued at about $6,134,000. Finally, Cowen Inc. raised 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 purchasing an additional 658,127 shares during the period. 70.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of New York REIT, Inc. (NYSE:NYRT) opened at $3.90 on Friday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.45. The stock has a market cap of $654.92, a PE ratio of 12.19 and a beta of 0.68. New York REIT, Inc. has a fifty-two week low of $3.89 and a fifty-two week high of $10.15.
The company also recently announced a dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Monday, December 18th will be issued a $1.00 dividend. The ex-dividend date is Friday, December 15th.
NYRT has been the topic of a number of research analyst reports. ValuEngine raised shares of New York REIT from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks set a $7.00 target price on shares of New York REIT and gave the company a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. New York REIT presently has an average rating of “Hold” and an average price target of $8.38.
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About New York REIT
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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