Russell Investments Group Ltd. Takes Position in New York REIT Inc (NYRT)

Russell Investments Group Ltd. bought a new position in shares of New York REIT Inc (NYSE:NYRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 240,854 shares of the company’s stock, valued at approximately $2,429,000.

A number of other large investors have also recently bought and sold shares of NYRT. BlackRock Fund Advisors boosted its stake in New York REIT by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,320,216 shares of the company’s stock worth $39,530,000 after buying an additional 347,121 shares during the last quarter. Forward Management LLC boosted its stake in New York REIT by 487.8% in the third quarter. Forward Management LLC now owns 1,446,000 shares of the company’s stock worth $13,231,000 after buying an additional 1,200,000 shares during the last quarter. Real Estate Management Services LLC purchased a new stake in New York REIT during the third quarter worth approximately $10,740,000. BlackRock Group LTD boosted its stake in New York REIT by 5.7% in the third quarter. BlackRock Group LTD now owns 1,126,345 shares of the company’s stock worth $10,306,000 after buying an additional 60,588 shares during the last quarter. Finally, Blackstone Group L.P. purchased a new stake in New York REIT during the third quarter worth approximately $7,465,000. 68.36% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for New York REIT (NYSE:NYRT)

New York REIT Inc (NYSE:NYRT) opened at 9.63 on Tuesday. New York REIT Inc has a 52 week low of $8.79 and a 52 week high of $11.07. The firm’s market cap is $1.61 billion. The firm’s 50-day moving average is $9.87 and its 200-day moving average is $9.65.

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NYRT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of New York REIT from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, December 22nd. TheStreet raised shares of New York REIT from a “sell” rating to a “hold” rating in a research report on Monday, December 12th.

New York REIT Company Profile

New York REIT, Inc is a real estate investment trust. The Company focuses on acquiring and owning office and retail properties in Manhattan. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. The Company owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet.

5 Day Chart for NYSE:NYRT

Want to see what other hedge funds are holding NYRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York REIT Inc (NYSE:NYRT).

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