New York City REIT, Inc. (NYSE:NYC – Get Rating) major shareholder Nicholas S. Schorsch purchased 12,500 shares of the stock in a transaction dated Friday, April 22nd. The shares were acquired at an average price of $12.77 per share, with a total value of $159,625.00. Following the completion of the acquisition, the insider now owns 1,181,091 shares in the company, valued at approximately $15,082,532.07. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
New York City REIT stock traded down $0.09 during midday trading on Friday, reaching $12.73. 50,093 shares of the stock traded hands, compared to its average volume of 62,797. The company has a 50-day simple moving average of $12.29 and a two-hundred day simple moving average of $9.92. New York City REIT, Inc. has a 12-month low of $5.79 and a 12-month high of $14.80. The firm has a market cap of $170.23 million, a PE ratio of -4.18 and a beta of 0.28.
The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Friday, April 8th. New York City REIT’s dividend payout ratio (DPR) is -13.03%.
Separately, Zacks Investment Research upgraded 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.
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