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

New York City REIT, Inc. (NYSE:NYCGet Rating) major shareholder Nicholas S. Schorsch bought 12,500 shares of New York City REIT stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of $11.33 per share, for a total transaction of $141,625.00. Following the acquisition, the insider now owns 1,316,491 shares in the company, valued at approximately $14,915,843.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of New York City REIT stock opened at $10.65 on Thursday. The firm has a market cap of $142.41 million, a PE ratio of -3.47 and a beta of 0.38. New York City REIT, Inc. has a 12-month low of $5.79 and a 12-month high of $14.80. The company’s fifty day simple moving average is $12.31 and its two-hundred day simple moving average is $10.28.

The company also recently declared 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 yield of 3.76%. The ex-dividend date was Friday, April 8th. New York City REIT’s dividend payout ratio (DPR) is presently -13.03%.

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

A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its holdings in New York City REIT by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,630 shares of the company’s stock worth $814,000 after acquiring an additional 11,599 shares during the last quarter. Capricorn Fund Managers Ltd bought a new stake in New York City REIT in the 1st quarter worth $249,000. Prospera Financial Services Inc bought a new stake in New York City REIT in the 1st quarter worth $72,000. Dorsey Wright & Associates bought a new stake in New York City REIT in the 1st quarter worth $49,000. Finally, BlackRock Inc. grew its holdings in New York City REIT by 5.4% in the 4th quarter. BlackRock Inc. now owns 26,509 shares of the company’s stock worth $281,000 after acquiring an additional 1,353 shares during the last quarter. 28.64% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More

Insider Buying and Selling by Quarter for New York City REIT (NYSE:NYC)

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.