Somewhat Positive News Coverage Extremely Likely to Affect New York REIT (NYSE:NYRT) Stock Price

Media coverage about New York REIT (NYSE:NYRT) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York REIT earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 95 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.

Shares of New York REIT (NYSE:NYRT) traded down 0.46% on Friday, hitting $8.65. 833,640 shares of the company’s stock traded hands. New York REIT has a 1-year low of $8.51 and a 1-year high of $10.15. The firm’s 50-day moving average price is $8.63 and its 200 day moving average price is $9.32. The company’s market cap is $1.44 billion.

Several equities analysts have recently issued reports on the stock. Compass Point reaffirmed a “buy” rating and issued a $9.75 price objective (down previously from $11.50) on shares of New York REIT in a research note on Friday, June 16th. Zacks Investment Research cut shares of New York REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. Finally, BidaskClub cut shares of New York REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th.

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About New York REIT

New York REIT, Inc is a real estate investment trust. The Company owns a portfolio of commercial real estate. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. As of December 31, 2016, the Company owned 19 properties, which aggregated 3.3 million rentable square feet.

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