New York REIT Inc (NYSE:NYRT) Director Howard Goldberg acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 12th. The stock was acquired at an average cost of $14.23 per share, for a total transaction of $142,300.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $142,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NYRT traded down $3.32 on Friday, reaching $14.19. The company’s stock had a trading volume of 314,900 shares, compared to its average volume of 150,329. New York REIT Inc has a 12-month low of $14.00 and a 12-month high of $78.40.
The firm also recently disclosed a special dividend, which will be paid on Monday, October 22nd. Investors of record on Monday, October 15th will be issued a $3.25 dividend. The ex-dividend date of this dividend is Friday, October 12th.
Separately, ValuEngine raised shares of New York REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th.
Several institutional investors and hedge funds have recently bought and sold shares of NYRT. Xact Kapitalforvaltning AB purchased a new position in shares of New York REIT in the second quarter worth approximately $217,000. Paloma Partners Management Co purchased a new position in shares of New York REIT in the second quarter worth approximately $333,000. Wedbush Securities Inc. boosted its holdings in shares of New York REIT by 108.1% in the second quarter. Wedbush Securities Inc. now owns 28,707 shares of the real estate investment trust’s stock worth $524,000 after buying an additional 14,910 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of New York REIT in the second quarter worth approximately $1,253,000. Finally, Real Estate Management Services LLC purchased a new position in shares of New York REIT in the second quarter worth approximately $3,341,000. 74.25% of the stock is currently owned by institutional investors.
New York REIT Company Profile
NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value.
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