Large Inflow of Money Witnessed in New York REIT

New York REIT (NYSE:NYRT): $0.32 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.75. The value of trades done on upticks was $0.73 million, whereas, trades done on downticks were valued at $0.42 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.25 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.25 million. New York REIT (NYSE:NYRT) fell $0.01 traded at $9.15, a change of -0.11% over the previous day. The stock is -0.65% for the week.


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. Currently the company Insiders own 0.18% of New York REIT shares according to the proxy statements. Institutional Investors own 71.35% of New York REIT shares.

The company shares have dropped -7.66% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $11.90 and the one year low was seen on May 26, 2016. The 50-Day Moving Average price is $9.44 and the 200 Day Moving Average price is recorded at $10.01. New York REIT (NYSE:NYRT): The stock was completely flat for the day, closing at $9.16 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $9.24, the stock touched an intraday high of $9.24 and a low of $9.11. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.16. The total trading volume on Wednesday was 866,650.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.