Insider Buying: Edward M. Jr. Weil Purchases 9,800 Shares of New York REIT Stock (NYRT)
New York REIT (NASDAQ:NYRT) Treasurer Edward M. Jr. Weil bought 9,800 shares of New York REIT stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $10.20 per share, with a total value of $99,960.00. Following the completion of the purchase, the treasurer now directly owns 9,800 shares of the company’s stock, valued at approximately $99,960. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of New York REIT (NASDAQ:NYRT) traded up 0.29% during mid-day trading on Tuesday, hitting $10.34. 391,286 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 $10.59 and its 200-day moving average is $10.83. The company’s market cap is $1.675 billion.
New York REIT (NASDAQ:NYRT) last announced its 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.
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.
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