Trade Report: Today: Sigma Planning Corp Sold shares of New York REIT Inc. (NYRT)

Today: Sigma Planning Corp Sold shares of New York REIT Inc. (NYRT)

Sigma Planning Corp cut its position in New York REIT Inc. (NYSE:NYRT) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,554 shares of the company’s stock after selling 1,136 shares during the period. Sigma Planning Corp’s holdings in New York REIT were worth $499,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of New York REIT by 300.1% in the third quarter. JPMorgan Chase & Co. now owns 126,282 shares of the company’s stock valued at $1,155,000 after buying an additional 94,719 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of New York REIT by 0.3% in the third quarter. UBS Asset Management Americas Inc. now owns 265,131 shares of the company’s stock valued at $2,427,000 after buying an additional 789 shares during the last quarter. M&T Bank Corp raised its position in shares of New York REIT by 23.3% in the third quarter. M&T Bank Corp now owns 16,273 shares of the company’s stock valued at $150,000 after buying an additional 3,077 shares during the last quarter. Forward Management LLC raised its position in shares of New York REIT by 487.8% in the third quarter. Forward Management LLC now owns 1,446,000 shares of the company’s stock valued at $13,231,000 after buying an additional 1,200,000 shares during the last quarter. Finally, KBC Group NV raised its position in shares of New York REIT by 60.3% in the third quarter. KBC Group NV now owns 69,009 shares of the company’s stock valued at $631,000 after buying an additional 25,971 shares during the last quarter. 68.17% of the stock is owned by institutional investors and hedge funds.

Shares of New York REIT Inc. (NYSE:NYRT) opened at 9.93 on Monday. The stock has a 50 day moving average of $9.47 and a 200 day moving average of $9.49. The firm’s market cap is $1.64 billion. New York REIT Inc. has a 52 week low of $8.79 and a 52 week high of $11.90.

New York REIT (NYSE:NYRT) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. New York REIT had a negative return on equity of 6.27% and a negative net margin of 39.88%. The firm had revenue of $41.30 million for the quarter, compared to analyst estimates of $39.96 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Equities analysts forecast that New York REIT Inc. will post $0.39 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. TheStreet lowered shares of New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.00.

In other news, insider Patrick A. O’malley sold 8,311 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $9.25, for a total transaction of $76,876.75. Following the sale, the insider now owns 36,198 shares in the company, valued at approximately $334,831.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William M. Kahane sold 93,818 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $9.09, for a total value of $852,805.62. Following the completion of the sale, the director now owns 117,818 shares in the company, valued at approximately $1,070,965.62. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

New York REIT Company Profile

New York REIT, Inc is a real estate investment trust. The Company 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 Company owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet.

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