New York REIT, Inc. (NYSE:NYRT) is expected to pay $0.04 on Oct 14, 2016. The indicated annual dividend is $0.46. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on New York REIT, Inc.’s current price of $9.09, the dividend is 0.42%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 27, 2016. The stock decreased 0.66% or $0.06 on October 3, hitting $9.09. New York REIT Inc (NYSE:NYRT) has declined 6.58% since March 1, 2016 and is downtrending. It has underperformed by 15.82% the S&P500.
New York REIT, Inc. is a real estate investment trust. The company has a market cap of $1.52 billion. The Firm focuses on acquiring and owning office and retail properties in Manhattan. It currently has negative earnings. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P.
New York REIT Inc (NYSE:NYRT) Ratings Coverage
Out of 4 analysts covering New York REIT (NYSE:NYRT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. New York REIT has been the topic of 6 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The rating was initiated by Compass Point with “Buy” on Thursday, June 30. As per Friday, October 30, the company rating was initiated by Compass Point. JMP Securities upgraded it to “Mkt Outperform” rating and $12.50 target price in Friday, October 9 report. The stock of New York REIT Inc (NYSE:NYRT) has “Buy” rating given on Monday, November 16 by Evercore.
More notable recent New York REIT Inc (NYSE:NYRT) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Pennymac Mortgage Investment Trust, New York REIT and …” on October 03, 2016, also Prnewswire.com with their article: “New York REIT Comments On Letters From WW Investors LLC” published on September 30, 2016, Wsj.com published: “New York REIT, JBG Cos. Agree to Merge” on May 25, 2016. More interesting news about New York REIT Inc (NYSE:NYRT) were released by: Bloomberg.com and their article: “New York REIT Rises Most Since May After JBG Deal Scrapped” published on August 02, 2016 as well as Bloomberg.com‘s news article titled: “New York REIT to Liquidate, a Plan Meeting With Resistance” with publication date: August 22, 2016.
NYRT Company Profile
New York REIT, Inc., incorporated on October 6, 2009, is a real estate investment trust. The Firm focuses on acquiring and owning office and retail properties in Manhattan. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. The Firm owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet.
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