New York REIT (NYRT) : During the past 4 weeks, traders have been relatively bearish on New York REIT (NYRT), hence the stock is down -1.7% 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 -0.21% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.28% in the last 1 week, and is up 2.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 0.44%.
New York REIT (NYSE:NYRT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.50 and $9.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.49, notching a gain of 0.32% for the day. The total traded volume was 1,196,498 . The stock had closed at $9.46 on the previous day.
The company Insiders own 0.18% of New York REIT shares according to the proxy statements. Institutional Investors own 71.34% of New York REIT shares. In a related news, 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.