Sigma Planning Corp decreased its position in New York REIT, Inc. (NYSE:NYRT) by 7.9% during the second quarter, Holdings Channel reports. The institutional investor owned 48,189 shares of the real estate investment trust’s stock after selling 4,137 shares during the period. Sigma Planning Corp’s holdings in New York REIT were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in New York REIT by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,449,871 shares of the real estate investment trust’s stock worth $14,673,000 after buying an additional 18,290 shares in the last quarter. Yakira Capital Management Inc. purchased a new position in New York REIT during the first quarter worth about $1,744,000. Highbridge Capital Management LLC purchased a new position in New York REIT during the first quarter worth about $4,845,000. Sumitomo Mitsui Asset Management Company LTD increased its position in New York REIT by 3,154.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 354,114 shares of the real estate investment trust’s stock worth $3,431,000 after buying an additional 343,234 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in New York REIT by 263.5% in the first quarter. Goldman Sachs Group Inc. now owns 787,929 shares of the real estate investment trust’s stock worth $7,635,000 after buying an additional 571,139 shares in the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

New York REIT, Inc. (NYSE:NYRT) opened at 8.28 on Wednesday. The stock’s market capitalization is $1.38 billion. New York REIT, Inc. has a one year low of $8.16 and a one year high of $10.15. The company has a 50 day moving average of $8.57 and a 200-day moving average of $9.19.

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A number of equities analysts have issued reports on NYRT shares. Compass Point reaffirmed a “buy” rating and set a $9.75 price objective (down from $11.50) on shares of New York REIT in a report on Friday, June 16th. BidaskClub raised shares of New York REIT from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of New York REIT from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th.

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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