New York REIT, Inc. Common Stoc (NYSE:NYRT):
New York REIT, Inc. Provides Dividend Update for November 2016.
The company is now up since yesterday’s close of $9.45.
Additionally the company announced a dividend paid on Thursday September 15th, 2016. The dividend payment was $0.115 per share for the quarter which is $0.46 annualized. The dividend yield was $4.76. The ex-dividend date was Wednesday the 5th of October 2016.
Shares of the company are trading at $9.46 barely above the 50 day moving average which is $9.27 and just a bit lower than the 200 day moving average of $9.55. The 50 day moving average moved up $0.19 whereas the 200 day average was down by -0.98%.
As of the last earnings report the EPS was $-0.20 and is estimated to be $0.38 for the current year with 164,877,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.10 with next year’s EPS anticipated to be $0.40.
Several brokerage analysts have provided guidance on the company recently. On February 29 JP Morgan maintained a stock rating of “Market Outperform” and lowered the price expectation to $12.00 from $12.50. On November 16 the company was upgraded from “Hold” to “Buy” in a report issued by Evercore ISI Group.
Equity analyst Compass Point released its first research report on the stock giving it an initial rating of “Buy” and projecting a price target of $13.50. On July 8, 2014 JMP Securities starting coverage on NYRT with a rating of “Market Perform”.