New York REIT (NYRT) has risen sharply, recording gains of 2.2% in the past 4 weeks. However, the stock has corrected -2.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.61% and the fifty day Moving Average is 2.13%. New York REIT, Inc. is up 7.49% in the last three month period. Year-to-Date the stock performance stands at -12.59%.
New York REIT (NYRT) : The highest short term price target forecast on New York REIT (NYRT) is $13 and the lowest target price is $10. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $11.67 with a standard deviation of $1.44.
New York REIT (NYSE:NYRT): On Fridays trading session , Opening price of the stock was $9.81 with an intraday high of $9.82. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.715. However, the stock managed to close at $9.75, a loss of 0.20% for the day. On the previous day, the stock had closed at $9.77. The total traded volume of the day was 611,480 shares.
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.