Wedbush Securities Inc. increased its holdings in New York REIT Inc (NYSE:NYRT) by 108.1% in the second quarter, HoldingsChannel.com reports. The fund owned 28,707 shares of the real estate investment trust’s stock after purchasing an additional 14,910 shares during the quarter. Wedbush Securities Inc.’s holdings in New York REIT were worth $524,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in shares of New York REIT by 102.2% during the fourth quarter. Wells Fargo & Company MN now owns 254,108 shares of the real estate investment trust’s stock worth $999,000 after purchasing an additional 128,463 shares during the period. BlackRock Inc. increased its holdings in shares of New York REIT by 9.6% during the fourth quarter. BlackRock Inc. now owns 1,462,128 shares of the real estate investment trust’s stock worth $5,746,000 after purchasing an additional 128,087 shares during the period. Renaissance Technologies LLC bought a new position in shares of New York REIT during the fourth quarter worth approximately $197,000. Xact Kapitalforvaltning AB bought a new position in shares of New York REIT during the fourth quarter worth approximately $105,000. Finally, JBF Capital Inc. bought a new position in shares of New York REIT during the first quarter worth approximately $255,000. 78.97% of the stock is owned by institutional investors.

New York REIT opened at $18.13 on Friday, according to Marketbeat. The company has a current ratio of 18.77, a quick ratio of 18.77 and a debt-to-equity ratio of 0.11. New York REIT Inc has a 1 year low of $17.51 and a 1 year high of $83.70.

Separately, ValuEngine raised shares of New York REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th.

About New York REIT

NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value.

Further Reading: Should I invest in “strong buy” stocks?

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

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