Insider Buying: Michael A. Happel Purchases 20,000 Shares of New York REIT Stock (NYRT)
New York REIT (NASDAQ:NYRT) President Michael A. Happel purchased 20,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $10.28 per share, for a total transaction of $205,600.00. Following the completion of the acquisition, the president now directly owns 20,000 shares in the company, valued at approximately $205,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NYRT shares. 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.
New York REIT (NASDAQ:NYRT) opened at 10.50 on Friday. New York REIT has a 52-week low of $9.51 and a 52-week high of $12.32. The stock has a 50-day moving average of $10.65 and a 200-day moving average of $10.86. The company’s market cap is $1.701 billion.
New York REIT (NASDAQ:NYRT) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The company had revenue of $35.95 million for the quarter, compared to the consensus estimate of $33.50 million. Analysts expect that New York REIT will post $0.50 EPS for the current fiscal year.
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