New York REIT Inc (NYRT) was Initiated by Compass Point to “Buy” and the brokerage firm has set the Price Target at $12. Compass Point advised their investors in a research report released on Jun 30, 2016.
On the company’s financial health, New York REIT Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.09. The company had revenue of $36.70 million for the quarter, compared to analysts expectations of $40.10 million. The company’s revenue was down -12.4 % compared to the same quarter last year.
New York REIT Inc (NYRT) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.24 and reached the intraday high at $9.241. The bulls started the profit booking and pushed the shares to intraday low of $9.11. The trading session was marked by a volume range of 8,66,650 shares exchanging hands. The 52-week high of the shares is $11.9 and the 52-week low is $8.79. The market cap of the company stands at $1,512 M and there are 16,50,33,400 shares in public circulation.
In a different news, on Nov 10, 2015, Marc J Rowan (director) purchased 99,418 shares at $10.60 per share price. According to the SEC, on May 27, 2015, Michael A. Happel (CEO) purchased 23,000 shares at $9.04 per share price.
New York REIT Inc. is a real estate investment trust. The Company focuses on acquiring income-producing commercial real estate in New York City. The Company primarily focuses on office and retail properties located in Manhattan. Approximately 95.9% of the Company’s properties are located in Manhattan while approximately 3.8% is located in Brooklyn and approximately 0.3% in Queens. The Company owns approximately 24 properties and real estate-related assets located in New York City. The Company’s properties aggregate approximately 3.4 million rentable square feet with an average occupancy of approximately 94.9% and an average remaining lease term of approximately 9.9 years. The Company’s portfolio primarily consists of office and retail properties representing approximately 82% and 9% of rentable square feet respectively. The Company conducts most of its business through New York Recovery Operating Partnership L.P.