New York REIT, Inc. (NYSE:NYRT) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in New York REIT, Inc. (NYSE:NYRT) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,053,886 shares of the real estate investment trust’s stock after buying an additional 348,236 shares during the period. Russell Investments Group Ltd. owned about 1.23% of New York REIT worth $17,741,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NYRT. Dimensional Fund Advisors LP boosted its position in shares of New York REIT by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,449,871 shares of the real estate investment trust’s stock worth $14,673,000 after buying an additional 18,290 shares in the last quarter. AQR Capital Management LLC boosted its position in New York REIT by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 65,458 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 306 shares during the period. Norges Bank bought a new position in New York REIT during the fourth quarter valued at $18,914,000. Teachers Advisors LLC boosted its position in New York REIT by 17.5% in the fourth quarter. Teachers Advisors LLC now owns 276,659 shares of the real estate investment trust’s stock valued at $2,800,000 after buying an additional 41,205 shares during the period. Finally, Koshinski Asset Management Inc. boosted its position in New York REIT by 102.1% in the first quarter. Koshinski Asset Management Inc. now owns 115,204 shares of the real estate investment trust’s stock valued at $1,116,000 after buying an additional 58,189 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

Shares of New York REIT, Inc. (NYRT) traded down 0.48% during trading on Friday, hitting $8.24. 1,080,078 shares of the stock traded hands. The stock has a 50 day moving average price of $8.54 and a 200-day moving average price of $9.17. The stock’s market cap is $1.37 billion. New York REIT, Inc. has a 1-year low of $8.16 and a 1-year high of $10.15.

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A number of brokerages have recently commented on NYRT. Zacks Investment Research raised shares of New York REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub lowered shares of New York REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Compass Point reaffirmed a “buy” rating and set a $9.75 price target (down from $11.50) on shares of New York REIT in a research report on Friday, June 16th.

New York REIT Company Profile

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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