New York REIT (NYRT) Announces Quarterly Earnings, Misses Estimates By $0.01 EPS
New York REIT (NASDAQ:NYRT) posted its quarterly earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01, Analyst Ratings Net reports. The company had revenue of $35.95 million for the quarter, compared to the consensus estimate of $33.50 million.
NYRT has been the subject of a number of recent research reports. Analysts at Evercore Partners initiated coverage on shares of New York REIT in a research note on Monday, July 14th. They set an “equal weight” rating and a $11.50 price target on the stock. Analysts at JMP Securities initiated coverage on shares of New York REIT in a research note on Tuesday, July 8th. They set a “market perform” rating on the stock.
Shares of New York REIT (NASDAQ:NYRT) traded up 0.85% during mid-day trading on Monday, hitting $10.71. 759,887 shares of the company’s stock traded hands. New York REIT has a one year low of $9.51 and a one year high of $12.32. The stock’s 50-day moving average is $11.0 and its 200-day moving average is $10.92. The company’s market cap is $1.881 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.0383 per share. The ex-dividend date is Wednesday, August 6th.
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