Ardsley Advisory Partners lifted its stake in shares of New York REIT Inc (NYSE:NYRT) by 57.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 550,000 shares of the real estate investment trust’s stock after purchasing an additional 200,000 shares during the quarter. Ardsley Advisory Partners’ holdings in New York REIT were worth $2,162,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NYRT. Long Pond Capital LP acquired a new stake in New York REIT in the third quarter valued at $88,123,000. Allianz Asset Management GmbH increased its holdings in New York REIT by 132.6% in the fourth quarter. Allianz Asset Management GmbH now owns 9,297,793 shares of the real estate investment trust’s stock valued at $36,540,000 after purchasing an additional 5,300,524 shares during the period. Alyeska Investment Group L.P. increased its holdings in New York REIT by 74.1% in the third quarter. Alyeska Investment Group L.P. now owns 5,759,906 shares of the real estate investment trust’s stock valued at $45,215,000 after purchasing an additional 2,452,182 shares during the period. Beryl Capital Management LLC acquired a new stake in New York REIT in the fourth quarter valued at $7,063,000. Finally, 683 Capital Management LLC increased its holdings in New York REIT by 166.7% in the third quarter. 683 Capital Management LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $15,700,000 after purchasing an additional 1,250,000 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.
Shares of New York REIT Inc (NYSE:NYRT) opened at $2.25 on Monday. The firm has a market capitalization of $377.84, a price-to-earnings ratio of -4.50 and a beta of 0.53. New York REIT Inc has a 1-year low of $1.93 and a 1-year high of $9.86. The company has a quick ratio of 5.24, a current ratio of 23.15 and a debt-to-equity ratio of 0.26.
NYRT has been the subject of a number of recent research reports. ValuEngine upgraded New York REIT from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks set a $7.00 price objective on New York REIT and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded New York REIT from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, one has assigned 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 $8.38.
New York REIT 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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