New York REIT Inc (NYRT) Releases Earnings Results, Beats Expectations By $0.02 EPS

New York REIT Inc (NYRT) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.09. The company posted revenue of $36.70 million in the period, 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 Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.39 and reached the intraday high at $10.41. The bulls started the profit booking and pushed the shares to intraday low of $10.24. The trading session was marked by a volume range of 5,32,435 shares exchanging hands. The 52-week high of the shares is $11.9 and the 52-week low is $8.8699. The market cap of the company stands at $1,715 M and there are 16,50,45,220 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.

New York REIT Inc

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