Independent Order of Foresters continued to hold its stake in shares of New York REIT, Inc. (NYSE:NYRT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,654 shares of the real estate investment trust’s stock at the end of the second quarter. Independent Order of Foresters’ holdings in New York REIT were worth $420,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Blair William & Co. IL purchased a new stake in New York REIT during the first quarter worth approximately $108,000. Capital Investment Advisory Services LLC bought a new stake in New York REIT during the first quarter valued at about $139,000. Sei Investments Co. boosted its stake in New York REIT by 86.3% in the second quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 8,465 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in New York REIT during the first quarter valued at about $173,000. Finally, Karp Capital Management Corp bought a new stake in New York REIT during the first quarter valued at about $181,000. 69.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New York REIT, Inc. (NYRT) opened at 8.54 on Wednesday. The company’s market capitalization is $1.42 billion. New York REIT, Inc. has a 12-month low of $8.51 and a 12-month high of $10.15. The company has a 50 day moving average price of $8.62 and a 200 day moving average price of $9.28.

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Several research firms have recently issued reports on NYRT. Compass Point reiterated a “buy” rating and set a $9.75 price objective (down previously from $11.50) on shares of New York REIT in a research report on Friday, June 16th. BidaskClub lowered shares of New York REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised shares of New York REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th.

About New York REIT

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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Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

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