Somewhat Positive Media Coverage Somewhat Unlikely to Impact New York REIT (NYRT) Share Price
Media headlines about New York REIT (NYSE:NYRT) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York REIT earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.2596565909322 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- New York REIT to Host Conference Call at 11:00 AM ET Today (finance.yahoo.com)
- New York REIT sells about 49 pct interest in worldwide plaza to a joint venture managed by SL Green & RXR Realty (timesofindia.indiatimes.com)
- New York REIT in deal for sale of 49% of Worldwide Plaza; shares down 6.4% (seekingalpha.com)
- New York REIT, Inc. (NYSE:NYRT) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- New York REIT Sells Approximately 49 Percent Interest in Worldwide Plaza to a Joint Venture Managed by SL Green and RXR Realty (finance.yahoo.com)
Several equities research analysts have commented 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. Zacks Investment Research raised shares of New York REIT from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, BidaskClub raised shares of New York REIT from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th.
New York REIT (NYSE:NYRT) traded up 2.36% during midday trading on Friday, reaching $7.82. 9,575,902 shares of the company’s stock traded hands. The stock’s market cap is $1.30 billion. The stock’s 50 day moving average price is $8.29 and its 200-day moving average price is $8.93. New York REIT has a one year low of $7.25 and a one year high of $10.15.
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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