New York REIT, Inc. (NYRT) Announces Dividend of $2.07
New York REIT, Inc. (NYSE:NYRT) announced a dividend on Thursday, November 9th, Fidelity reports. Shareholders of record on Monday, November 20th will be given a dividend of 2.07 per share by the real estate investment trust on Tuesday, November 28th. The ex-dividend date of this dividend is Friday, November 17th. This is a boost from New York REIT’s previous dividend of $0.04.
Shares of New York REIT (NYSE NYRT) opened at $6.93 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.31. New York REIT has a 12 month low of $6.65 and a 12 month high of $10.15. The firm has a market cap of $1,163.75, a price-to-earnings ratio of 21.66 and a beta of 0.72.
A hedge fund recently raised its stake in New York REIT stock. State Street Corp lifted its position in shares of New York REIT, Inc. (NYSE:NYRT) by 58.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 151,229 shares of the real estate investment trust’s stock after acquiring an additional 55,810 shares during the period. State Street Corp owned 0.09% of New York REIT worth $1,309,000 as of its most recent filing with the SEC. 70.48% of the stock is owned by 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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