New York REIT (NYRT) Upgraded at ValuEngine

New York REIT (NYSE:NYRT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

New York REIT (NYSE NYRT) traded down $0.03 on Friday, hitting $5.01. The stock had a trading volume of 1,648,592 shares, compared to its average volume of 3,512,195. The company has a market capitalization of $846.36, a PE ratio of 15.75 and a beta of 0.68. New York REIT has a 1 year low of $4.95 and a 1 year high of $10.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 5.24 and a current ratio of 5.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cove Street Capital LLC grew its stake in shares of New York REIT by 0.5% during the second quarter. Cove Street Capital LLC now owns 143,400 shares of the real estate investment trust’s stock valued at $1,239,000 after buying an additional 700 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of New York REIT by 0.9% during the second quarter. Mutual of America Capital Management LLC now owns 224,008 shares of the real estate investment trust’s stock valued at $1,935,000 after buying an additional 1,917 shares during the last quarter. Blair William & Co. IL grew its stake in shares of New York REIT by 20.6% during the second quarter. Blair William & Co. IL now owns 13,499 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 2,309 shares during the last quarter. Orinda Asset Management LLC grew its stake in shares of New York REIT by 1.6% during the third quarter. Orinda Asset Management LLC now owns 437,596 shares of the real estate investment trust’s stock valued at $3,435,000 after buying an additional 6,803 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of New York REIT by 2.2% during the second quarter. California Public Employees Retirement System now owns 337,100 shares of the real estate investment trust’s stock valued at $2,913,000 after buying an additional 7,300 shares during the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

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New York REIT Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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