Alpine Global Management LLC boosted its position in shares of New York REIT, Inc. (NYSE:NYRT) by 101.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 604,000 shares of the real estate investment trust’s stock after purchasing an additional 304,000 shares during the quarter. New York REIT comprises about 1.6% of Alpine Global Management LLC’s portfolio, making the stock its 16th biggest position. Alpine Global Management LLC owned 0.36% of New York REIT worth $5,219,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NYRT. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of New York REIT in the 1st quarter worth $38,760,000. Litespeed Management L.L.C. boosted its position in shares of New York REIT by 380.7% in the 1st quarter. Litespeed Management L.L.C. now owns 2,313,405 shares of the real estate investment trust’s stock worth $22,417,000 after purchasing an additional 1,832,190 shares in the last quarter. North Run Capital LP acquired a new stake in shares of New York REIT in the 1st quarter worth $15,504,000. Renaissance Technologies LLC acquired a new stake in shares of New York REIT in the 1st quarter worth $12,557,000. Finally, Ranger Global Real Estate Advisors LLC acquired a new stake in shares of New York REIT in the 1st quarter worth $11,903,000. Institutional investors own 70.49% of the company’s stock.
Separately, BidaskClub cut New York REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th.
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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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