New York City REIT, Inc. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 12,500 Shares

New York City REIT, Inc. (NYSE:NYC – Get Rating) major shareholder Nicholas S. Schorsch acquired 12,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was purchased at an average price of $10.76 per share, for a total transaction of $134,500.00. Following the transaction, the insider now directly owns 1,341,491 shares of the company’s stock, valued at approximately $14,434,443.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NYSE NYC opened at $10.65 on Thursday. New York City REIT, Inc. has a 1 year low of $5.79 and a 1 year high of $14.80. The company’s 50-day moving average is $12.31 and its 200 day moving average is $10.28. The stock has a market capitalization of $142.41 million, a P/E ratio of -3.47 and a beta of 0.38.

The business also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, April 8th. New York City REIT’s dividend payout ratio is currently -13.03%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in NYC. IFP Advisors Inc purchased a new position in shares of New York City REIT during the fourth quarter valued at about $28,000. Spire Wealth Management purchased a new position in shares of New York City REIT during the fourth quarter valued at about $29,000. Dorsey Wright & Associates purchased a new position in shares of New York City REIT during the first quarter valued at about $49,000. Prospera Financial Services Inc purchased a new stake in New York City REIT in the first quarter worth about $72,000. Finally, LPL Financial LLC purchased a new stake in New York City REIT in the third quarter worth about $108,000. Institutional investors own 28.64% of the company’s stock.

New York City REIT Company Profile (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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