Gyrodyne (GYRO) Earning Somewhat Favorable Press Coverage, Study Finds

Press coverage about Gyrodyne (NASDAQ:GYRO) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gyrodyne earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 44.6255769767695 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Gyrodyne (NASDAQ GYRO) opened at 20.07 on Wednesday. The firm’s market capitalization is $29.74 million. The company has a 50 day moving average price of $20.24 and a 200 day moving average price of $20.50. Gyrodyne has a 12 month low of $18.15 and a 12 month high of $21.65.

In other news, Director Paul L. Lamb acquired 1,500 shares of Gyrodyne stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $20.44 per share, with a total value of $30,660.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 3,500 shares of company stock valued at $71,540 in the last three months. Insiders own 3.70% of the company’s stock.

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About Gyrodyne

Gyrodyne Company of America, Inc (Gyrodyne) is a self-managed and self-administered real estate investment trust (REIT). During 2013, the Company distributed to its shareholders, as the non-cash portion of the special dividend announced on September 12, 2013 (the Special Dividend), all of the equity interests of its subsidiary Gyrodyne Special Distribution LLC (GSD), which owned 100% of the interests (through GSD’s subsidiaries) in the Company’s four real estate properties, subject to related mortgage debt in favor of Flowerfield Mortgage Inc, also a subsidiary of the Company, with the Company having the contractual right to manage the business and properties of GSD.

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