New York REIT (NYRT) : Analyst Rating Update

New York REIT (NYRT) : 2 brokerage houses believe that New York REIT (NYRT) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on New York REIT (NYRT). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

New York REIT (NYRT) : The consensus price target for New York REIT (NYRT) is $11.67 for the short term with a standard deviation of $1.44. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $13, however, the pessimist price target for the company is $10.

New York REIT (NYSE:NYRT): The stock opened at $9.23 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.30 for the day. The stock traded down to $9.22 during the day, due to lack of any buying support eventually closed down at $9.24 with a loss of -0.23% for the day. The stock had closed at $9.26 on the previous day. The total traded volume was 595,633 shares.

Also, In a research note released to the investors, Compass Point reinstates its rating on New York REIT (NYSE:NYRT).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 30, 2016. The company shares have dropped -6.81% 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 $9.34 and the 200 Day Moving Average price is recorded at $9.94.

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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