Media headlines about New York REIT (NYSE:NYRT) have trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York REIT earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8352961926006 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
NYSE:NYRT traded down $0.07 during trading hours on Monday, hitting $22.18. 32,965 shares of the company were exchanged, compared to its average volume of 198,589. The company has a market cap of $373.64, a PE ratio of 6.93 and a beta of 0.52. New York REIT has a 52-week low of $19.30 and a 52-week high of $97.50. The company has a current ratio of 23.15, a quick ratio of 23.15 and a debt-to-equity ratio of 0.26.
Several research firms have weighed in on NYRT. ValuEngine downgraded shares of New York REIT from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. SunTrust Banks set a $26.00 target price on shares of New York REIT and gave the stock a “hold” rating in a research report on Sunday, March 18th. Finally, Zacks Investment Research downgraded shares of New York REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. New York REIT currently has an average rating of “Hold” and a consensus target price of $61.75.
New York REIT Company Profile
NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value.
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