New York REIT, Inc. (NYSE:NYRT) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities analysts have also issued reports on NYRT. Compass Point reaffirmed a “buy” rating and set a $9.75 price target (down previously from $11.50) on shares of New York REIT in a research note on Friday, June 16th. Zacks Investment Research raised New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, TheStreet lowered New York REIT from a “c-” rating to a “d+” rating in a research note on Friday, March 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.38.

Shares of New York REIT (NYSE NYRT) traded down 0.92% during mid-day trading on Tuesday, hitting $8.63. 1,242,564 shares of the stock traded hands. The firm’s market cap is $1.44 billion. The firm’s 50 day moving average price is $8.84 and its 200 day moving average price is $9.55. New York REIT has a 12-month low of $8.54 and a 12-month high of $10.15.

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A number of institutional investors have recently added to or reduced their stakes in NYRT. Weiss Multi Strategy Advisers LLC bought a new position in New York REIT during the first quarter valued at $38,760,000. MARSHALL WACE ASIA Ltd bought a new position in New York REIT during the first quarter valued at $27,864,000. Marshall Wace North America L.P. bought a new position in New York REIT during the first quarter valued at $27,864,000. Norges Bank bought a new position in New York REIT during the fourth quarter valued at $18,914,000. Finally, Litespeed Management L.L.C. raised its position in New York REIT by 380.7% in the first quarter. Litespeed Management L.L.C. now owns 2,313,405 shares of the real estate investment trust’s stock valued at $22,417,000 after buying an additional 1,832,190 shares during the last quarter. 68.80% 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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