HBK Investments L P grew its stake in New York REIT Inc (NYSE:NYRT) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,989,333 shares of the real estate investment trust’s stock after acquiring an additional 219,300 shares during the quarter. HBK Investments L P owned about 1.18% of New York REIT worth $7,818,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of New York REIT in the 4th quarter worth $100,000. Laurel Wealth Advisors Inc. acquired a new stake in shares of New York REIT in the 3rd quarter worth $102,000. Private Advisor Group LLC acquired a new stake in shares of New York REIT in the 4th quarter worth $125,000. Institutional & Family Asset Management LLC acquired a new stake in shares of New York REIT in the 3rd quarter worth $146,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of New York REIT in the 4th quarter worth $154,000. Institutional investors and hedge funds own 73.39% of the company’s stock.
Shares of New York REIT Inc (NYSE NYRT) opened at $2.25 on Wednesday. New York REIT Inc has a 52-week low of $1.93 and a 52-week high of $9.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 23.15 and a current ratio of 23.15. The company has a market capitalization of $379.52, a PE ratio of 7.06 and a beta of 0.53.
NYRT has been the subject of a number of recent analyst reports. ValuEngine raised New York REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, SunTrust Banks set a $7.00 price objective on New York REIT and gave the stock a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. New York REIT has a consensus rating of “Hold” and an average price target of $8.38.
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.
Receive News & Ratings for New York REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York REIT and related companies with MarketBeat.com's FREE daily email newsletter.