US Bancorp DE Sells 142 Shares of New York REIT, Inc. (NYSE:NYRT)
US Bancorp DE cut its position in shares of New York REIT, Inc. (NYSE:NYRT) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 100,000 shares of the real estate investment trust’s stock after selling 142 shares during the period. US Bancorp DE’s holdings in New York REIT were worth $864,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Weiss Multi Strategy Advisers LLC bought a new stake in New York REIT during the first quarter worth about $38,760,000. MARSHALL WACE ASIA Ltd bought a new stake in New York REIT during the first quarter worth about $27,864,000. Marshall Wace North America L.P. bought a new stake in New York REIT during the first quarter worth about $27,864,000. Norges Bank bought a new stake in New York REIT during the fourth quarter worth about $18,914,000. Finally, Litespeed Management L.L.C. raised its stake in New York REIT by 380.7% in the first quarter. Litespeed Management L.L.C. now owns 2,313,405 shares of the real estate investment trust’s stock worth $22,417,000 after buying an additional 1,832,190 shares during the period. Institutional investors and hedge funds own 69.79% of the company’s stock.
New York REIT, Inc. (NYRT) traded down 0.48% during midday trading on Friday, hitting $8.30. The stock had a trading volume of 1,619,661 shares. The company’s 50-day moving average price is $8.61 and its 200 day moving average price is $9.24. New York REIT, Inc. has a 12-month low of $8.28 and a 12-month high of $10.15. The stock’s market cap is $1.38 billion.
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NYRT has been the subject of a number of recent research reports. Zacks Investment Research upgraded New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub lowered New York REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Finally, Compass Point reiterated a “buy” rating and issued a $9.75 target price (down previously from $11.50) on shares of New York REIT in a research note on Friday, June 16th.
New York REIT Company Profile
New York REIT, Inc is a real estate investment trust. The Company owns a portfolio of commercial real estate. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. As of December 31, 2016, the Company owned 19 properties, which aggregated 3.3 million rentable square feet.
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