New York REIT (NYRT) Shares are Down -1.13%

New York REIT (NYRT) : During the past 4 weeks, traders have been relatively bearish on New York REIT (NYRT), hence the stock is down -4.14% 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 -1.62% relative to the S&P 500. The 4-week change in the price of the stock is -4.27% and the stock has fallen -1.13% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.5% and the 50-Day Moving Average is 0.48%.The 200 Day SMA reached 2.53%. New York REIT, Inc. is up 4.25% in the last 3-month period. Year-to-Date the stock performance stands at -13.58%.


New York REIT (NYSE:NYRT): After opening at $9.66, the stock dipped to an intraday low of $9.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.72 and the buying power remained strong till the end. The stock closed at $9.64 for the day, a gain of 0.52% for the day session. The total traded volume was 664,131. The stocks close on the previous trading day was $9.59.

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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