HBK Investments L P boosted its position in shares of New York REIT Inc (NYSE:NYRT) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,989,333 shares of the real estate investment trust’s stock after acquiring an additional 219,300 shares during the quarter. HBK Investments L P’s holdings in New York REIT were worth $7,818,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Long Pond Capital LP raised its stake in shares of New York REIT by 14.5% during the 4th quarter. Long Pond Capital LP now owns 12,855,224 shares of the real estate investment trust’s stock valued at $50,521,000 after buying an additional 1,629,305 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of New York REIT by 132.6% during the 4th quarter. Allianz Asset Management GmbH now owns 9,297,793 shares of the real estate investment trust’s stock valued at $36,540,000 after buying an additional 5,300,524 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of New York REIT by 74.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 5,759,906 shares of the real estate investment trust’s stock valued at $45,215,000 after buying an additional 2,452,182 shares during the last quarter. Bulldog Investors LLC raised its stake in shares of New York REIT by 9.0% during the 4th quarter. Bulldog Investors LLC now owns 4,176,416 shares of the real estate investment trust’s stock valued at $16,413,000 after buying an additional 345,167 shares during the last quarter. Finally, North Run Capital LP raised its stake in shares of New York REIT by 38.1% during the 4th quarter. North Run Capital LP now owns 3,625,000 shares of the real estate investment trust’s stock valued at $14,246,000 after buying an additional 1,000,000 shares during the last quarter. 73.39% of the stock is owned by institutional investors.

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New York REIT Inc (NYSE:NYRT) opened at $2.25 on Wednesday. The company has a quick ratio of 23.15, a current ratio of 23.15 and a debt-to-equity ratio of 0.26. New York REIT Inc has a 52 week low of $1.93 and a 52 week high of $9.86. The firm has a market capitalization of $379.52, a PE ratio of 7.06 and a beta of 0.53.

New York REIT shares are scheduled to reverse split on the morning of Friday, March 16th. The 1-10 reverse split was announced on Monday, March 5th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 15th.

A number of equities analysts have weighed in on NYRT shares. ValuEngine upgraded New York REIT from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks set a $7.00 price target on New York REIT and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered New York REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.38.

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About New York REIT

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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