SunTrust Banks set a $26.00 target price on New York REIT (NYSE:NYRT) in a research note issued to investors on Sunday morning. The firm currently has a hold rating on the real estate investment trust’s stock.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded New York REIT from a hold rating to a sell rating in a research report on Wednesday, February 14th. ValuEngine downgraded New York REIT from a buy rating to a hold rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $61.75.
NYRT stock opened at $21.35 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 23.15 and a quick ratio of 23.15. The company has a market capitalization of $376.33, a PE ratio of -4.27 and a beta of 0.53. New York REIT has a 1 year low of $19.30 and a 1 year high of $98.60.
Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of New York REIT by 35.8% in the third quarter. Bank of New York Mellon Corp now owns 157,790 shares of the real estate investment trust’s stock valued at $1,239,000 after buying an additional 41,629 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of New York REIT by 177.6% in the third quarter. Cubist Systematic Strategies LLC now owns 123,307 shares of the real estate investment trust’s stock valued at $968,000 after buying an additional 78,892 shares during the period. Royce & Associates LP increased its stake in shares of New York REIT by 48.3% in the third quarter. Royce & Associates LP now owns 697,088 shares of the real estate investment trust’s stock valued at $5,472,000 after buying an additional 227,088 shares during the period. Price Michael F acquired a new stake in shares of New York REIT in the fourth quarter valued at about $1,611,000. Finally, North Run Capital LP increased its stake in shares of New York REIT by 38.1% in the fourth quarter. North Run Capital LP now owns 3,625,000 shares of the real estate investment trust’s stock valued at $14,246,000 after buying an additional 1,000,000 shares during the period. 73.11% of the stock is owned by institutional investors.
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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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