New York REIT (NYSE:NYRT) has been assigned a $7.00 price objective by research analysts at SunTrust Banks in a report released on Friday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ target price would suggest a potential upside of 39.72% from the company’s previous close.
Separately, ValuEngine raised shares of New York REIT from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.38.
New York REIT (NYRT) opened at $5.01 on Friday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.45. The firm has a market cap 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.
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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.
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