Blair William & Co. IL Buys New Stake in New York REIT, Inc. (NYRT)

Blair William & Co. IL acquired a new position in shares of New York REIT, Inc. (NYSE:NYRT) during the first quarter, Holdings Channel reports. The institutional investor acquired 11,190 shares of the real estate investment trust’s stock, valued at approximately $108,000.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of New York REIT by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 65,458 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 306 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $14,673,000 after buying an additional 18,290 shares during the last quarter. Norges Bank acquired a new position in shares of New York REIT during the fourth quarter valued at approximately $18,914,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of 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 valued at $3,431,000 after buying an additional 343,234 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of New York REIT during the fourth quarter valued at approximately $2,429,000. 70.52% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

New York REIT, Inc. (NYRT) opened at 8.63 on Tuesday. New York REIT, Inc. has a one year low of $8.54 and a one year high of $10.15. The firm’s market capitalization is $1.44 billion. The stock has a 50 day moving average price of $8.87 and a 200 day moving average price of $9.56.

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Several research analysts have recently commented on NYRT shares. Zacks Investment Research downgraded New York REIT from a “hold” rating to a “sell” rating in a report on Friday, April 7th. TheStreet downgraded New York REIT from a “c-” rating to a “d+” rating in a report on Friday, March 24th. Compass Point reissued 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. Finally, BidaskClub downgraded New York REIT from a “sell” rating to a “strong sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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.

Want to see what other hedge funds are holding NYRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York REIT, Inc. (NYSE:NYRT).

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