New York REIT (NYSE:NYRT) : During the past 4 weeks, traders have been relatively bearish on New York REIT (NYSE:NYRT), hence the stock is down -2.21% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.84% relative to the S&P 500. The stock has risen by 0.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.64% in the past 4 weeks.
The company shares have dropped -8.14% 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 $9.31 and the 200 Day Moving Average price is recorded at $9.91.
The stock has recorded a 20-day Moving Average of 1.45% and the 50-Day Moving Average is 1.35%.
New York REIT (NYSE:NYRT): stock turned positive on Friday. Though the stock opened at $9.31, the bulls momentum made the stock top out at $9.4 level for the day. The stock recorded a low of $9.27 and closed the trading day at $9.37, in the green by 1.08%. The total traded volume for the day was 755,253. The stock had closed at $9.27 in the previous days trading.
In an insider trading activity, Rowan Marc J, director of New York Reit, Inc., had purchased 99,418 shares on October 6, 2015. The total value of the transaction was $1,053,831. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.