Somewhat Positive Press Coverage Somewhat Unlikely to Affect New York REIT (NYSE:NYRT) Stock Price
News coverage about New York REIT (NYSE:NYRT) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York REIT earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.2674693439634 out of 100, meaning that recent media 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 effected Accern Sentiment’s analysis:
- RSI Alert: New York REIT (NYRT) Now Oversold (nasdaq.com)
- Brokers Change Their Target Price On New York REIT, Inc. (NYSE:NYRT) (vothemes.com)
- $0.10 EPS Expected for New York REIT Inc (NYRT) (techkenyot.com)
- Alliancebernstein LP Has $567000 Position in New York REIT, Inc. (NYRT) (famososartistas.com)
- Is New York REIT, Inc. (NYRT) Dependable Investment For Shareholders? (topactu.net)
Shares of New York REIT (NYRT) traded down 1.80% during midday trading on Friday, reaching $8.19. 5,022,773 shares of the company’s stock traded hands. New York REIT has a 12 month low of $8.16 and a 12 month high of $10.15. The stock has a 50-day moving average price of $8.59 and a 200 day moving average price of $9.23. The firm’s market cap is $1.37 billion.
A number of research firms recently commented on NYRT. BidaskClub upgraded New York REIT from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Compass Point reiterated a “buy” rating and set a $9.75 price target (down previously from $11.50) on shares of New York REIT in a report on Friday, June 16th. Finally, Zacks Investment Research upgraded shares of New York REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th.
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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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