Nationwide Fund Advisors decreased its stake in New York REIT Inc (NYSE:NYRT) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,376 shares of the real estate investment trust’s stock after selling 12,324 shares during the period. Nationwide Fund Advisors owned about 0.07% of New York REIT worth $921,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blair William & Co. IL increased its holdings in shares of New York REIT by 20.6% in the 2nd quarter. Blair William & Co. IL now owns 13,499 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 2,309 shares during the last quarter. Sei Investments Co. grew its holdings in shares of New York REIT by 86.3% during the 2nd quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 8,465 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of New York REIT during the 2nd quarter valued at $170,000. Fox Run Management L.L.C. bought a new position in shares of New York REIT during the 3rd quarter valued at $167,000. Finally, Pensionfund Sabic bought a new position in shares of New York REIT during the 3rd quarter valued at $173,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

NYRT has been the topic of several recent research reports. ValuEngine raised shares of New York REIT from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks set a $7.00 target price on shares of New York REIT and gave the company a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.38.

New York REIT Inc (NYRT) opened at $3.93 on Friday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.45. New York REIT Inc has a twelve month low of $3.88 and a twelve month high of $10.15. The company has a market cap of $663.32, a price-to-earnings ratio of -7.86 and a beta of 0.68.

The company also recently declared a dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 18th were issued a $1.00 dividend. The ex-dividend date was Friday, December 15th.

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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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Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

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