New York City REIT, Inc. (NYSE:NYC – Get Rating) major shareholder Nicholas S. Schorsch purchased 12,500 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were acquired at an average price of $11.33 per share, with a total value of $141,625.00. Following the purchase, the insider now directly owns 1,316,491 shares in the company, valued at approximately $14,915,843.03. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
NYC opened at $10.12 on Friday. The company has a market capitalization of $135.32 million, a price-to-earnings ratio of -3.30 and a beta of 0.38. The firm’s fifty day moving average price is $12.23 and its two-hundred day moving average price is $10.29. New York City REIT, Inc. has a 1 year low of $5.79 and a 1 year high of $14.80.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, April 8th. New York City REIT’s dividend payout ratio is -13.03%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in New York City REIT by 11.9% during the 1st quarter. Northern Trust Corp now owns 24,265 shares of the company’s stock worth $320,000 after acquiring an additional 2,578 shares during the last quarter. Vanguard Group Inc. boosted its holdings in New York City REIT by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 579,523 shares of the company’s stock worth $7,650,000 after acquiring an additional 24,931 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in New York City REIT during the 1st quarter worth $185,000. Anson Funds Management LP purchased a new position in shares of New York City REIT in the 1st quarter worth about $634,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of New York City REIT by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,630 shares of the company’s stock worth $814,000 after buying an additional 11,599 shares during the last quarter. 28.64% of the stock is currently owned by hedge funds and other institutional investors.
About New York City REIT (Get Rating)
New York City REIT, Inc (NYSE: NYC) is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.
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