Leucadia National Corp boosted its stake in New York REIT, Inc. (NYSE:NYRT) by 633.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 550,000 shares of the real estate investment trust’s stock after buying an additional 475,000 shares during the period. New York REIT makes up approximately 0.4% of Leucadia National Corp’s holdings, making the stock its 20th largest position. Leucadia National Corp owned 0.33% of New York REIT worth $5,330,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Bienville Capital Management LLC bought a new stake in New York REIT during the fourth quarter valued at $103,000. Blair William & Co. IL bought a new stake in New York REIT during the first quarter valued at $108,000. Boothbay Fund Management LLC acquired a new position in New York REIT during the fourth quarter valued at approximately $116,000. Capital Investment Advisory Services LLC acquired a new position in New York REIT during the first quarter valued at approximately $139,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in New York REIT during the first quarter valued at approximately $173,000. Institutional investors and hedge funds own 70.52% of the company’s stock.
New York REIT, Inc. (NYRT) traded down 0.174% during trading on Tuesday, hitting $8.605. 526,738 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $8.87 and its 200 day moving average price is $9.56. The firm’s market cap is $1.44 billion. New York REIT, Inc. has a 12-month low of $8.54 and a 12-month high of $10.15.
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A number of equities research analysts have issued reports on NYRT shares. Zacks Investment Research lowered shares of New York REIT from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. TheStreet cut shares of New York REIT from a “c-” rating to a “d+” rating in a research report on Friday, March 24th. BidaskClub cut shares of New York REIT from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, Compass Point reaffirmed a “buy” rating and issued a $9.75 target price (down from $11.50) on shares of New York REIT in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. New York REIT has an average rating of “Hold” and a consensus price target of $10.38.
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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