GoodHaven Capital Management LLC Acquires New Stake in New York REIT, Inc. (NYRT)

GoodHaven Capital Management LLC bought a new position in shares of New York REIT, Inc. (NYSE:NYRT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 150,000 shares of the real estate investment trust’s stock, valued at approximately $1,296,000. New York REIT makes up about 0.6% of GoodHaven Capital Management LLC’s holdings, making the stock its 17th biggest position. GoodHaven Capital Management LLC owned about 0.09% of New York REIT as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL raised its stake in New York REIT by 20.6% in the second quarter. Blair William & Co. IL now owns 13,499 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 2,309 shares in the last quarter. National Asset Management Inc. raised its stake in New York REIT by 8.7% in the first quarter. National Asset Management Inc. now owns 77,672 shares of the real estate investment trust’s stock valued at $753,000 after purchasing an additional 6,246 shares in the last quarter. Credit Agricole S A grew its position in New York REIT by 6.6% in the first quarter. Credit Agricole S A now owns 116,199 shares of the real estate investment trust’s stock valued at $5,856,000 after acquiring an additional 7,163 shares during the last quarter. Sei Investments Co. grew its position in New York REIT by 86.3% in the second quarter. Sei Investments Co. now owns 18,269 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 8,465 shares during the last quarter. Finally, Aperio Group LLC grew its position in New York REIT by 65.5% in the second quarter. Aperio Group LLC now owns 30,952 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 12,247 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

A number of research firms have issued reports on NYRT. Compass Point reiterated a “buy” rating and issued a $9.75 target price (down previously from $11.50) on shares of New York REIT in a research report on Friday, June 16th. BidaskClub upgraded New York REIT from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded New York REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th.

New York REIT, Inc. (NYSE NYRT) traded up 2.36% during mid-day trading on Friday, hitting $7.82. The stock had a trading volume of 9,575,902 shares. The firm’s market cap is $1.30 billion. New York REIT, Inc. has a 52 week low of $7.25 and a 52 week high of $10.15. The company’s 50 day moving average price is $8.29 and its 200 day moving average price is $8.93.

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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.

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

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