New York REIT Inc (NYRT) Releases Earnings Results, Misses Expectations By $-0.02 EPS

New York REIT Inc (NYRT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.10. The company posted revenue of $399.00 million in the period, compared to analysts expectations of $41.08 million. The company’s revenue was up 815.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on New York REIT Inc. Compass Point Initiated New York REIT Inc on Jun 30, 2016 to “Buy”, Price Target of the shares are set at $12.

New York REIT Inc (NYRT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.05 and reached the intraday high at $10.09. The bulls started the profit booking and pushed the shares to intraday low of $10.01. The trading session was marked by a volume range of 4,62,569 shares exchanging hands. The 52-week high of the shares is $11.9 and the 52-week low is $8.79. The market cap of the company stands at $1,662 M and there are 16,50,33,400 shares in public circulation.

In a different news, on Nov 10, 2015, Marc J Rowan (director) purchased 99,418 shares at $10.60 per share price. According to the SEC, on May 27, 2015, Michael A. Happel (CEO) purchased 23,000 shares at $9.04 per share price.

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 Company’s 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 Company’s 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 Company’s 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.

New York REIT Inc

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