News articles about New York REIT (NYSE:NYRT) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. New York REIT earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.6705634438546 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded New York REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks set a $7.00 price objective on New York REIT and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded New York REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. New York REIT presently has an average rating of “Hold” and an average price target of $8.38.
New York REIT (NYRT) traded down $0.03 during mid-day trading on Wednesday, reaching $2.22. The company’s stock had a trading volume of 514,587 shares, compared to its average volume of 2,100,559. The company has a debt-to-equity ratio of 0.26, a quick ratio of 23.15 and a current ratio of 23.15. New York REIT has a twelve month low of $1.93 and a twelve month high of $9.86. The stock has a market capitalization of $379.52, a PE ratio of -4.50 and a beta of 0.53.
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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.
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