Somewhat Positive Press Coverage Somewhat Unlikely to Affect New York REIT (NYRT) Share Price

News coverage about New York REIT (NYSE:NYRT) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York REIT earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.1960919934079 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

New York REIT (NYSE:NYRT) traded up 0.13% during midday trading on Friday, reaching $7.71. The company had a trading volume of 1,070,515 shares. The company’s market cap is $1.29 billion. The company’s 50-day moving average is $8.24 and its 200 day moving average is $8.89. New York REIT has a 52-week low of $7.25 and a 52-week high of $10.15.

Several equities research analysts recently commented on the company. BidaskClub cut New York REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Compass Point reissued a “buy” rating and issued a $9.75 price target (down previously from $11.50) on shares of New York REIT in a research note on Friday, June 16th. Finally, Zacks Investment Research raised New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th.

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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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