New York REIT, Inc. (NYRT) How Much Gas Is Left In The Tank?

New York REIT, Inc. (NYRT) How Much Gas Is Left In The Tank?

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.