New York REIT Inc (NYRT) Shares Rating Lowered by TheStreet

New York REIT Inc (NYRT) Shares Rating Lowered by TheStreet

New York REIT Inc (NYSE:NYRT) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Friday.

Separately, Zacks Investment Research downgraded shares of New York REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st.

Shares of New York REIT (NYSE:NYRT) traded up 0.156% on Friday, hitting $9.605. The stock had a trading volume of 529,294 shares. The stock’s market cap is $1.60 billion. The company’s 50 day moving average is $9.82 and its 200 day moving average is $9.65. New York REIT has a one year low of $8.79 and a one year high of $11.07.

Several large investors have recently bought and sold shares of the stock. Bienville Capital Management LLC bought a new stake in New York REIT during the fourth quarter worth about $103,000. Boothbay Fund Management LLC bought a new stake in New York REIT during the fourth quarter worth about $116,000. Vantage Investment Advisors LLC increased its stake in New York REIT by 0.3% in the third quarter. Vantage Investment Advisors LLC now owns 11,712 shares of the company’s stock worth $107,000 after buying an additional 40 shares during the last quarter. Mizuho Securities USA Inc. bought a new stake in New York REIT during the third quarter worth about $118,000. Finally, Princeton Alpha Management LP bought a new stake in New York REIT during the third quarter worth about $145,000. Institutional investors own 68.36% of the company’s stock.

New York REIT Company Profile

New York REIT, Inc is a real estate investment trust. The Company focuses on acquiring and owning office and retail properties in Manhattan. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. The Company owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet.

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