New York REIT, Inc. (NYSE:NYRT) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

NYRT has been the topic of several other reports. TheStreet cut New York REIT from a “c-” rating to a “d+” rating in a research note on Friday, March 24th. Zacks Investment Research cut New York REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. New York REIT has an average rating of “Hold” and a consensus price target of $10.38.

New York REIT (NYSE NYRT) traded up 0.46% during trading on Friday, reaching $8.66. The company had a trading volume of 1,345,426 shares. The company’s market capitalization is $1.44 billion. The firm’s 50 day moving average is $8.92 and its 200 day moving average is $9.58. New York REIT has a one year low of $8.54 and a one year high of $10.15.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bienville Capital Management LLC acquired a new position in New York REIT during the fourth quarter worth approximately $103,000. Blair William & Co. IL acquired a new position in New York REIT during the first quarter worth approximately $108,000. Boothbay Fund Management LLC acquired a new position in New York REIT during the fourth quarter worth approximately $116,000. Capital Investment Advisory Services LLC acquired a new position in New York REIT during the first quarter worth approximately $139,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in New York REIT during the first quarter worth approximately $173,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

About New York REIT

New York REIT, Inc is a real estate investment trust. The Company owns a portfolio of commercial real estate. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. As of December 31, 2016, the Company owned 19 properties, which aggregated 3.3 million rentable square feet.

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