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. The Company holds interests in properties of various types, such as office, retail, hotel, parking and storage. The Company's properties include Design Center, 416 Washington Street, 50 Varick Street, 1440 Broadway, One Worldwide Plaza, 256 West 38th Street, 229 West 36th Street, 333 West 34th Street, 367-387 Bleecker Street, 33 West 56th Street (garage) and 350 West 42nd Street.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial REITs - NEC
- Sub-Industry: N/A
- Symbol: NYSE:NYRT
- CUSIP: N/A
- Web: www.nyrt.com
- Market Cap: $1.45225 billion
- Outstanding Shares: 166,797,000
- 50 Day Moving Avg: $8.84
- 200 Day Moving Avg: $9.55
- 52 Week Range: $8.54 - $10.15
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 18.53
- P/E Growth: 0.00
- Annual Revenue: $174.99 million
- Price / Sales: 8.30
- Book Value: $5.58 per share
- Price / Book: 1.56
- EBIDTA: $52.35 million
- Net Margins: -51.49%
- Return on Equity: -7.39%
- Return on Assets: -3.75%
- Debt-to-Equity Ratio: 0.73%
- Current Ratio: 15.82%
- Quick Ratio: 15.83%
- Average Volume: 2.23 million shs.
- Beta: 0.76
- Short Ratio: 2.4
Frequently Asked Questions for New York REIT (NYSE:NYRT)
What is New York REIT's stock symbol?
New York REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "NYRT."
How often does New York REIT pay dividends? What is the dividend yield for New York REIT?
New York REIT declared a monthly dividend on Tuesday, September 27th. Investors of record on Friday, October 7th will be paid a dividend of $0.0383 per share on Friday, October 14th. This represents a $0.46 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Wednesday, October 5th. View New York REIT's Dividend History.
How were New York REIT's earnings last quarter?
New York REIT, Inc. (NYSE:NYRT) released its earnings results on Tuesday, May, 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.01. The business earned $36.71 million during the quarter, compared to analysts' expectations of $41.85 million. New York REIT had a negative net margin of 51.49% and a negative return on equity of 7.39%. The firm's revenue was down 12.4% compared to the same quarter last year. View New York REIT's Earnings History.
Where is New York REIT's stock going? Where will New York REIT's stock price be in 2017?
2 brokers have issued 12-month target prices for New York REIT's stock. Their predictions range from $9.75 to $9.75. On average, they expect New York REIT's stock price to reach $9.75 in the next twelve months. View Analyst Ratings for New York REIT.
Who are some of New York REIT's key competitors?
Some companies that are related to New York REIT include Shaftesbury plc (SHB), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Brookfield Canada Office Properties (BOXC), Select Income REIT (SIR), Great Portland Estates PLC (GPOR), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL), Hannon Armstrong Sustainable Infrastructure Capital (HASI), Londonmetric Property PLC (LMP), Monmouth Real Estate Investment Corporation (MNR), Newriver Reit PLC (NRR), Easterly Government Properties (DEA), Urstadt Biddle Properties (UBA), Redefine International PLC (RDI), First Potomac Realty Trust (FPO) and Armada Hoffler Properties (AHH).
Who are New York REIT's key executives?
New York REIT's management team includes the folowing people:
- Wendy A. Silverstein, President, Chief Executive Officer, Director
- John Garilli, Chief Financial Officer, Treasurer, Secretary
- Randolph C. Read, Non-Executive Independent Chairman of the Board
- William M. Kahane, Director
- Craig T. Bouchard, Independent Director
- Howard A. Goldberg, Independent Director
- Joe C. McKinney, Independent Director
Who owns New York REIT stock?
New York REIT's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.97%), FMR LLC (5.57%), Weiss Multi Strategy Advisers LLC (2.40%), MARSHALL WACE ASIA Ltd (1.67%), Marshall Wace North America L.P. (1.67%) and Real Estate Management Services LLC (1.42%). Company insiders that own New York REIT stock include Marc J Rowan, Patrick A O'malley and William M Kahane. View Institutional Ownership Trends for New York REIT.
Who sold New York REIT stock? Who is selling New York REIT stock?
New York REIT's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Vanguard Group Inc., Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Credit Suisse AG, Morgan Stanley, K2 Principal Fund L.P. and Alliancebernstein L.P.. Company insiders that have sold New York REIT stock in the last year include Patrick A O'malley and William M Kahane. View Insider Buying and Selling for New York REIT.
Who bought New York REIT stock? Who is buying New York REIT stock?
New York REIT's stock was bought by a variety of institutional investors in the last quarter, including Weiss Multi Strategy Advisers LLC, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., Litespeed Management L.L.C., North Run Capital LP, Russell Investments Group Ltd., Renaissance Technologies LLC and Ranger Global Real Estate Advisors LLC. View Insider Buying and Selling for New York REIT.
How do I buy New York REIT stock?
Shares of New York REIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New York REIT's stock price today?
MarketBeat Community Rating for New York REIT (NYSE NYRT)MarketBeat's community ratings are surveys of what our community members think about New York REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of New York REIT stock can currently be purchased for approximately $8.71.
Consensus Ratings for New York REIT (NYSE:NYRT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$9.75 (11.94% upside)|
Analysts' Ratings History for New York REIT (NYSE:NYRT)
(Data available from 6/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/16/2017||Compass Point||Reiterated Rating||Buy||$11.50 -> $9.75||Low|
|6/28/2016||JMP Securities||Reiterated Rating||Buy||N/A|
|2/29/2016||J P Morgan Chase & Co||Lower Price Target||Market Outperform||$12.50 -> $12.00||N/A|
|11/16/2015||Evercore ISI||Upgrade||Hold -> Buy||$12.50||N/A|
|11/13/2015||SunTrust Banks, Inc.||Boost Price Target||Neutral||$10.00 -> $12.00||N/A|
Earnings History for New York REIT (NYSE:NYRT)Earnings History by Quarter for New York REIT (NYSE NYRT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/9/2016||Q216||$0.10||$0.09||$39.96 million||$41.30 million||View||N/A|
|5/10/2016||Q116||$0.10||$0.11||$41.85 million||$36.71 million||View||N/A|
|11/5/2015||Q315||$0.12||$0.11||$43.70 million||$44.60 million||View||N/A|
|8/7/2015||Q215||$0.13||$0.14||$44.95 million||$43.70 million||View||N/A|
|11/3/2014||Q3 14||$0.13||$0.05||$40.90 million||$40.51 million||View||N/A|
Earnings Estimates for New York REIT (NYSE:NYRT)
Current Year EPS Consensus Estimate: $0.39 EPS
Next Year EPS Consensus Estimate: $0.47 EPS
Current Dividend Information for New York REIT (NYSE:NYRT)
|Most Recent Dividend:||10/14/2016|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for New York REIT (NYSE NYRT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for New York REIT (NYSE:NYRT)
Insider Ownership Percentage: 0.18%Insider Trades by Quarter for New York REIT (NYSE:NYRT)
Institutional Ownership Percentage: 70.52%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/4/2016||William M Kahane||Director||Sell||93,818||$9.09||$852,805.62|| |
|10/3/2016||William M Kahane||Director||Sell||258,134||$9.09||$2,346,438.06|| |
|9/30/2016||William M Kahane||Director||Sell||114,932||$9.17||$1,053,926.44|| |
|9/29/2016||Patrick A O'malley||Insider||Sell||8,311||$9.25||$76,876.75|| |
|10/8/2015||Marc J Rowan||Director||Buy||234,948||$10.61||$2,492,798.28|| |
|8/29/2014||Edward M Jr. Weil||Treasurer||Buy||9,800||$10.20||$99,960.00|| |
|8/20/2014||Michael A Happel||President||Buy||20,000||$10.28||$205,600.00|| |
|8/20/2014||Nicholas S Schorsch||CEO||Buy||15,000||$10.29||$154,350.00|| |
|8/20/2014||William M Kahane||Director||Buy||10,000||$10.30||$103,000.00|| |
Headline Trends for New York REIT (NYSE:NYRT)
Latest Headlines for New York REIT (NYSE:NYRT)
|BidaskClub Lowers New York REIT, Inc. (NYRT) to Strong Sell|
www.americanbankingnews.com - June 16 at 8:48 PM
|New York REIT, Inc. (NYRT) Earns Buy Rating from Compass Point|
www.americanbankingnews.com - June 16 at 4:58 PM
|New York REIT Inc (NYRT) Upgraded to "Hold" by Zacks Investment Research|
www.americanbankingnews.com - June 8 at 11:40 PM
|New York REIT Enters Oversold Territory|
www.nasdaq.com - June 6 at 7:43 PM
|New York REIT Completes Option Acquisition in Worldwide Plaza Bringing Total ...|
www.prnewswire.com - June 3 at 1:54 AM
|BRIEF-New York REIT acquires 49.9 pct interest in WWP Holdings|
www.reuters.com - June 1 at 7:50 PM
|New York REIT Completes Option Acquisition in Worldwide Plaza Bringing Total Ownership to 98.8 Percent|
finance.yahoo.com - June 1 at 7:50 PM
|New York REIT's (NYRT) CEO Wendy Silverstein on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 12 at 12:29 AM
|Edited Transcript of NYRT earnings conference call or presentation 11-May-17 2:00pm GMT|
finance.yahoo.com - May 12 at 12:29 AM
|New York REIT Announces Results for First Quarter 2017|
finance.yahoo.com - May 10 at 7:12 PM
|Risk Arbitrage Today: 10 Reasons To Buy New York REIT Now|
seekingalpha.com - May 10 at 11:54 AM
|New York REIT, Inc. breached its 50 day moving average in a Bearish Manner : NYRT-US : May 5, 2017|
finance.yahoo.com - May 5 at 9:00 AM
|New York REIT (NYRT) Given Daily News Sentiment Score of 0.33|
www.americanbankingnews.com - April 28 at 9:32 PM
|New York REIT (NYRT) Getting Somewhat Positive Press Coverage, Report Finds|
www.americanbankingnews.com - April 25 at 6:48 PM
|New York REIT Invites You to Join Its First Quarter 2017 Management Conference Call|
finance.yahoo.com - April 25 at 12:00 PM
|Somewhat Positive News Coverage Very Likely to Affect New York REIT (NYRT) Stock Price|
www.americanbankingnews.com - April 21 at 8:11 PM
|ETFs with exposure to New York REIT, Inc. : April 20, 2017|
finance.yahoo.com - April 20 at 7:03 PM
|New York REIT (NYRT) Given Daily Media Sentiment Rating of 0.17|
www.americanbankingnews.com - April 18 at 8:53 PM
|New York REIT Inc (NYRT) Cut to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - April 7 at 8:18 PM
|ETFs with exposure to New York REIT, Inc. : April 5, 2017|
finance.yahoo.com - April 7 at 11:39 AM
|NEW YORK REIT, INC. Files SEC form 8-K, Other Events|
biz.yahoo.com - March 31 at 9:02 AM
|New York REIT Inc (NYRT) Rating Lowered to D+ at TheStreet|
www.americanbankingnews.com - March 30 at 8:19 AM
|TheStreet Lowers New York REIT Inc (NYRT) to D+|
www.americanbankingnews.com - March 28 at 3:39 PM
|New York REIT Announces 2017 Annual Meeting Date - PR Newswire (press release)|
www.prnewswire.com - March 17 at 7:08 PM
|NEW YORK REIT, INC. Files SEC form 8-K/A, Change in Directors or Principal Officers|
biz.yahoo.com - March 17 at 7:08 PM
|New York REIT Announces 2017 Annual Meeting Date|
finance.yahoo.com - March 16 at 7:42 PM
|NEW YORK REIT, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - March 16 at 7:42 PM
|New York REIT: Timing Is Everything|
seekingalpha.com - March 13 at 10:00 AM
|Relative Strength Alert For New York REIT|
www.nasdaq.com - March 10 at 8:43 PM
|BRIEF-New York REIT appoints Howard Goldberg to board|
www.reuters.com - March 9 at 11:50 PM
|New York REIT Announces Appointment Of Howard A. Goldberg To Board Of Directors|
finance.yahoo.com - March 9 at 8:15 AM
|BRIEF-New York REIT says on March 7 Michael Happel, CEO of the company resigned - SEC Filing|
www.reuters.com - March 8 at 7:43 PM
|NEW YORK REIT, INC. Files SEC form 8-K, Termination of a Material Definitive Agreement, Change in Directors or Princi|
biz.yahoo.com - March 8 at 9:26 AM
|New York REIT Announces Transition Of External Manager To Winthrop REIT Advisors|
finance.yahoo.com - March 3 at 8:55 AM
|New York REIT reports 4Q results - Yahoo Finance|
finance.yahoo.com - March 2 at 12:09 AM
|BRIEF-New York REIT Q4 core FFO of $3.4 mln|
www.reuters.com - March 1 at 7:08 PM
|New York REIT Announces Results for Fourth Quarter 2016 and Full Year 2016|
us.rd.yahoo.com - March 1 at 7:08 PM
|NEW YORK REIT, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements|
biz.yahoo.com - February 21 at 5:54 PM
|9:25 am New York REIT announces the resignation of Gregory F. Hughes from the Board; Hughes advised that he was resigning because of disagreements with the Board and the Company relating to its governance|
us.rd.yahoo.com - February 18 at 11:50 AM
|New York REIT Announces Director Resignation - PR Newswire (press release)|
www.prnewswire.com - February 17 at 8:20 AM
|New York REIT director resigns over governance issues|
seekingalpha.com - February 16 at 11:33 PM
|BRIEF-New York REIT says Gregory Hughes resigned from board|
www.reuters.com - February 16 at 6:31 PM
|New York REIT Announces Director Resignation|
us.rd.yahoo.com - February 16 at 6:31 PM
|New York REIT Announces Director Resignation|
us.rd.yahoo.com - February 16 at 6:31 PM
|NEW YORK REIT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal|
biz.yahoo.com - February 8 at 7:54 PM
|New York REIT (NYRT) Appoints Wendy Silverstein to Board of Directors - StreetInsider.com|
www.streetinsider.com - February 6 at 9:25 AM
|New York REIT Announces Appointment of Wendy A. Silverstein to Board of Directors|
finance.yahoo.com - February 6 at 9:25 AM
|New York REIT (NYRT) Appoints Joe C. McKinney to Board Of Directors - StreetInsider.com|
www.streetinsider.com - January 31 at 7:56 PM
|New York REIT (NYRT) Appoints Joe C. McKinney to Board Of Directors|
www.streetinsider.com - January 30 at 7:38 PM
|New York REIT Appoints Joe C. McKinney To Board Of Directors|
finance.yahoo.com - January 30 at 8:50 AM
New York REIT (NYRT) Chart for Saturday, June, 24, 2017