New York REIT, Inc. (NYRT) Plans Dividend of $0.04
New York REIT (NASDAQ:NYRT) declared a dividend on Friday, June 27th, American Banking News.com reports. Stockholders of record on Monday, September 8th will be given a dividend of 0.0383 per share on Monday, September 15th. The ex-dividend date of this dividend is Thursday, September 4th.
Several analysts have recently commented on the stock. 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 10.21 on Friday. New York REIT has a 1-year low of $9.51 and a 1-year high of $12.32. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $10.83. The company’s market cap is $1.654 billion.
New York REIT (NASDAQ:NYRT) last released its earnings data on Monday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that New York REIT will post $0.50 earnings per share for the current fiscal year.
In other New York REIT news, Director William M. Kahane bought 10,000 shares of New York REIT stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $10.30 per share, with a total value of $103,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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