Westpac Banking Corp grew its stake in shares of New York REIT, Inc. (NYSE:NYRT) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 528,095 shares of the real estate investment trust’s stock after purchasing an additional 19,910 shares during the quarter. Westpac Banking Corp owned approximately 0.32% of New York REIT worth $4,146,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Blair William & Co. IL raised its holdings in shares of New York REIT by 20.6% in the second quarter. Blair William & Co. IL now owns 13,499 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 2,309 shares in the last quarter. Sei Investments Co. raised its holdings in shares of 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 acquiring an additional 8,465 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of New York REIT in the first quarter valued at about $181,000. Virtu KCG Holdings LLC bought a new stake in shares of New York REIT in the second quarter valued at about $170,000. Finally, First Manhattan Co. raised its holdings in shares of New York REIT by 100.0% in the third quarter. First Manhattan Co. now owns 20,000 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 10,000 shares in the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.
Shares of New York REIT, Inc. (NYRT) opened at $7.07 on Wednesday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $1,183.90, a PE ratio of 22.03 and a beta of 0.72. New York REIT, Inc. has a fifty-two week low of $6.65 and a fifty-two week high of $10.15.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 28th. Investors of record on Monday, November 20th will be issued a $2.07 dividend. This is an increase from New York REIT’s previous dividend of $0.04. The ex-dividend date of this dividend is Friday, November 17th.
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New York REIT Profile
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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