New York REIT Inc (NYRT) Receives $61.75 Consensus Target Price from Analysts

Shares of New York REIT Inc (NYSE:NYRT) have been given a consensus rating of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $61.75.

Several research analysts have recently weighed in on the company. Zacks Investment Research lowered New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. ValuEngine lowered New York REIT from a “buy” rating to a “hold” rating in a research report on Saturday, March 17th. Finally, SunTrust Banks set a $26.00 target price on New York REIT and gave the company a “hold” rating in a research report on Sunday, March 18th.

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Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in New York REIT in the 4th quarter valued at about $100,000. Laurel Wealth Advisors Inc. bought a new stake in New York REIT in the 3rd quarter valued at about $102,000. Xact Kapitalforvaltning AB bought a new stake in New York REIT in the 4th quarter valued at about $105,000. Private Advisor Group LLC bought a new stake in New York REIT in the 4th quarter valued at about $125,000. Finally, Institutional & Family Asset Management LLC bought a new stake in New York REIT in the 3rd quarter valued at about $146,000. 73.11% of the stock is owned by institutional investors and hedge funds.

New York REIT stock traded down $0.26 during mid-day trading on Thursday, hitting $20.75. The stock had a trading volume of 263,775 shares, compared to its average volume of 222,940. New York REIT has a 1 year low of $19.30 and a 1 year high of $98.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 23.15 and a current ratio of 23.15. The company has a market cap of $348.45, a price-to-earnings ratio of 6.48 and a beta of 0.53.

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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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