New York REIT, Inc. (NYRT) How Much Gas Is Left In The Tank?
New York REIT, Inc. (NYSE:NYRT) stock is presently standing at about $8.65 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 4 analysts covering the company is $9.63, which suggests the stock could still rise over 10 percent. The highest analyst price target is $11.00, which implies a rally of 73 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 1 rate NYRT a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.
Compass Point analysts provided their view on New York REIT, Inc. (NYSE:NYRT) recently. The rating firm issued a Buy rating to this company in a research note released on Jun 30, 2016. Compass Point analysts disclosed their opinion on New York REIT, Inc. (NYSE:NYRT) recently. The rating firm gave a Buy rating to this stock in a research note published on Oct 30, 2015. According to a research note disclosed on Jun 30, 2016, analysts at Compass Point have unknown their rating on these shares from to Buy.
New York REIT, Inc. (NYSE:NYRT) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director KAHANE WILLIAM M Sold 24,000 company shares for 852,960, in a transaction on Oct 04. Following the transaction, the Director is left with a stake of 93,818 shares, currently valued at $811,526. Meanwhile, Director KAHANE WILLIAM M sold 117,818 shares worth $2,346,438, through a transaction dated Oct 03. Following the completion of the transaction, the insider is left with a stake of 258,134 shares, amounting $2,232,859. NYRT Director KAHANE WILLIAM M also sold 375,952 shares, at a stock price of $9.16. This transaction occurred on Sep 30 totals $659,346. After this transaction, the insider’s stake stands at 71,981 shares, with a market value of $622,636.
Executives hold 1.17 percent of the stock. VANGUARD GROUP INC is one of the biggest insider owners in New York REIT, Inc. (NYSE:NYRT), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 23,305,646 shares which have current market value of around $201,593,838.FMR LLC is another major inside shareholder in the company. The insider owns 9,290,324 shares as of 03/31/2017, currently worth $80,361,303. CARDINAL CAPITAL MANAGEMENT LLC /CT is ranked as third insider holder of the stock. This insider holds 7,808,974 shares with a market value around $67,547,625 as of recent close.
New York REIT, Inc. (NYSE:NYRT) Earnings Outlook
In New York REIT, Inc. (NYSE:NYRT)’s latest quarter, EPS moved to $ from $ in preceding quarter and revenues reached at $42.38M compared to $41.26M. Analysts had expected New York REIT, Inc. (NYSE:NYRT) to post net income of about $ per share on $40.61M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $N/A to $N/A. That is compared with the $ in EPS it reported during the same period a year ago.