Analyst Rating Update on New York REIT (NYRT)

New York REIT (NYSE:NYRT) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

New York REIT (NYSE:NYRT) : The highest level New York REIT (NYSE:NYRT) is projected to reach is $13 for the short term and the lowest estimate is at $10. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $11.67 and the possibility the share price can swing is $1.44.

For the current week, the company shares have a recommendation consensus of Buy.

New York REIT (NYSE:NYRT): stock turned positive on Tuesday. Though the stock opened at $9.54, the bulls momentum made the stock top out at $9.62 level for the day. The stock recorded a low of $9.04 and closed the trading day at $9.16, in the green by 2.46%. The total traded volume for the day was 1,161,371. The stock had closed at $8.94 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Reit, Inc., Rowan Marc J, had purchased 99,418 shares in a transaction dated on October 6, 2015. The transaction was executed at $10.6 per share with total amount equaling $1,053,831.

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 Companys 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 Companys 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 Companys 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.

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