Bnp Paribas Arbitrage Sa Cut By $35.25 Million Its New York Reit (NYRT) Holding; New York State Common Retirement Fund Has Cut Its Synchrony Financial (SYF) Position

December 6, 2017 - By Michael Collier

New York State Common Retirement Fund decreased Synchrony Financial (SYF) stake by 1.19% reported in 2017Q2 SEC filing. New York State Common Retirement Fund sold 23,377 shares as Synchrony Financial (SYF)’s stock declined 26.83%. The New York State Common Retirement Fund holds 1.94 million shares with $57.89M value, down from 1.96 million last quarter. Synchrony Financial now has $29.32B valuation. The stock increased 0.43% or $0.16 during the last trading session, reaching $37.47. About 2.36M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since December 6, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Bnp Paribas Arbitrage Sa decreased New York Reit Inc (NYRT) stake by 38.25% reported in 2017Q2 SEC filing. Bnp Paribas Arbitrage Sa sold 4,080 shares as New York Reit Inc (NYRT)’s stock declined 12.85%. The Bnp Paribas Arbitrage Sa holds 6,587 shares with $56.91 million value, down from 10,667 last quarter. New York Reit Inc now has $837.10 million valuation. The stock decreased 0.60% or $0.03 during the last trading session, reaching $4.96. About 1.03M shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 9.21% since December 6, 2016 and is downtrending. It has underperformed by 25.91% the S&P500.

Bnp Paribas Arbitrage Sa increased Peoples Utah Bancorp stake by 1,319 shares to 1,339 valued at $35.89 million in 2017Q2. It also upped Nl Inds Inc (NYSE:NL) stake by 845 shares and now owns 938 shares. Macys Inc (NYSE:M) was raised too.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 8 analyst reports since October 9, 2015 according to SRatingsIntel. As per Monday, November 16, the company rating was upgraded by Evercore. Compass Point initiated New York REIT, Inc. (NYSE:NYRT) rating on Thursday, June 30. Compass Point has “Buy” rating and $12 target. On Friday, October 9 the stock rating was upgraded by JMP Securities to “Mkt Outperform”. The firm has “Hold” rating given on Friday, November 3 by SunTrust. The firm earned “Hold” rating on Friday, December 1 by SunTrust. Compass Point initiated it with “Buy” rating and $13.50 target in Friday, October 30 report.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on January, 19. They expect $0.68 EPS, down 2.86% or $0.02 from last year’s $0.7 per share. SYF’s profit will be $532.17 million for 13.78 P/E if the $0.68 EPS becomes a reality. After $0.70 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

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