New York REIT (NYRT) Getting Favorable News Coverage, Analysis Finds

Media coverage about New York REIT (NYSE:NYRT) has trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York REIT earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.8700850234047 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

New York REIT (NYRT) traded up $0.01 on Thursday, reaching $2.00. 327,394 shares of the company were exchanged, compared to its average volume of 2,356,553. The firm has a market cap of $327.46, a P/E ratio of -4.02 and a beta of 0.67. New York REIT has a 12-month low of $1.93 and a 12-month high of $10.03. The company has a debt-to-equity ratio of 1.45, a quick ratio of 5.24 and a current ratio of 5.24.

The company also recently disclosed a special dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 19th were given a $2.00 dividend. The ex-dividend date was Monday, January 29th.

Several brokerages have issued reports on NYRT. Zacks Investment Research cut shares of New York REIT from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks set a $7.00 target price on shares of New York REIT and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, ValuEngine upgraded shares of New York REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.38.

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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.

Insider Buying and Selling by Quarter for New York REIT (NYSE:NYRT)

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