New York REIT (NYSE:NYRT) received a $7.00 price objective from stock analysts at SunTrust Banks in a research report issued on Friday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price objective would suggest a potential upside of 39.72% from the company’s current price.

Separately, ValuEngine upgraded shares of New York REIT from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.38.

New York REIT (NYSE:NYRT) opened at $5.01 on Friday. The firm has a market cap of $846.36, a price-to-earnings ratio of 15.75 and a beta of 0.68. The company has a debt-to-equity ratio of 1.45, a quick ratio of 5.24 and a current ratio of 5.24. New York REIT has a twelve month low of $4.95 and a twelve month high of $10.15.

Several institutional investors have recently added to or reduced their stakes in NYRT. Aperio Group LLC raised its holdings in shares of New York REIT by 65.5% during the 2nd quarter. Aperio Group LLC now owns 30,952 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 12,247 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of New York REIT by 20.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,053,886 shares of the real estate investment trust’s stock valued at $17,741,000 after purchasing an additional 348,236 shares in the last quarter. Sei Investments Co. raised its holdings in New York REIT by 86.3% in the 2nd quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 8,465 shares during the period. Teacher Retirement System of Texas raised its holdings in New York REIT by 28.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 331,037 shares of the real estate investment trust’s stock worth $2,860,000 after acquiring an additional 72,402 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in New York REIT by 149.5% in the 2nd quarter. Wedbush Securities Inc. now owns 56,500 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 33,853 shares during the period. Institutional investors and hedge funds own 70.52% of the company’s stock.

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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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