Media stories about New York REIT (NYSE:NYRT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York REIT earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.6705634438546 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities analysts recently weighed in on NYRT shares. ValuEngine raised shares of New York REIT from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks set a $70.00 price target on New York REIT and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.75.
Shares of NYSE NYRT opened at $21.52 on Friday. New York REIT has a one year low of $19.30 and a one year high of $98.60. The company has a current ratio of 23.15, a quick ratio of 23.15 and a debt-to-equity ratio of 0.26. The company has a market cap of $354.33, a price-to-earnings ratio of -4.30 and a beta of 0.53.
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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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