New York City REIT, Inc. (NYSE:NYC) Major Shareholder Acquires $166,125.00 in Stock

New York City REIT, Inc. (NYSE:NYCGet Rating) major shareholder Nicholas S. Schorsch purchased 12,500 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was acquired at an average price of $13.29 per share, with a total value of $166,125.00. Following the completion of the transaction, the insider now owns 1,131,091 shares of the company’s stock, valued at approximately $15,032,199.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of NYSE NYC traded up $0.20 during trading hours on Wednesday, hitting $12.83. 50,792 shares of the stock were exchanged, compared to its average volume of 62,820. The company’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $9.90. The company has a market cap of $171.56 million, a PE ratio of -4.18 and a beta of 0.28. New York City REIT, Inc. has a 1-year low of $5.79 and a 1-year high of $14.80.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, April 8th. New York City REIT’s dividend payout ratio is presently -13.03%.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of New York City REIT by 5.4% during the 4th quarter. BlackRock Inc. now owns 26,509 shares of the company’s stock worth $281,000 after buying an additional 1,353 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of New York City REIT in the 4th quarter valued at approximately $133,000. LPL Financial LLC boosted its stake in shares of New York City REIT by 46.2% in the 4th quarter. LPL Financial LLC now owns 19,478 shares of the company’s stock valued at $207,000 after purchasing an additional 6,151 shares in the last quarter. Geode Capital Management LLC increased its position in New York City REIT by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 83,146 shares of the company’s stock worth $882,000 after purchasing an additional 1,969 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in New York City REIT by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 19,908 shares of the company’s stock worth $212,000 after purchasing an additional 1,214 shares in the last quarter. 12.63% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised New York City REIT from a “sell” rating to a “hold” rating in a report on Thursday, January 20th.

About New York City REIT (Get Rating)

New York City REIT, Inc (NYSE: NYC) is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

See Also

Receive News & Ratings for New York City REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York City REIT and related companies with MarketBeat.com's FREE daily email newsletter.