Cambridge Investment Research Advisors Inc. lowered its holdings in New York REIT, Inc. (NYSE:NYRT) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,164 shares of the real estate investment trust’s stock after selling 14,410 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.09% of New York REIT worth $1,234,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of New York REIT by 35.8% in the third quarter. Bank of New York Mellon Corp now owns 157,790 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 41,629 shares in the last quarter. Corbyn Investment Management Inc. MD boosted its stake in shares of New York REIT by 34.5% in the third quarter. Corbyn Investment Management Inc. MD now owns 1,304,601 shares of the real estate investment trust’s stock valued at $10,241,000 after purchasing an additional 334,847 shares during the period. Swiss National Bank boosted its stake in shares of New York REIT by 2.9% in the third quarter. Swiss National Bank now owns 280,700 shares of the real estate investment trust’s stock valued at $2,203,000 after purchasing an additional 8,000 shares during the period. Gabelli Funds LLC boosted its stake in shares of New York REIT by 120.1% in the third quarter. Gabelli Funds LLC now owns 492,859 shares of the real estate investment trust’s stock valued at $3,869,000 after purchasing an additional 268,963 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of New York REIT by 87.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 898,194 shares of the real estate investment trust’s stock valued at $7,051,000 after purchasing an additional 419,660 shares during the period. 66.19% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://theolympiareport.com/2017/11/22/cambridge-investment-research-advisors-inc-sells-14410-shares-of-new-york-reit-inc-nyrt.html.

New York REIT, Inc. (NYRT) opened at $7.10 on Wednesday. The firm has a market cap of $1,183.90, a price-to-earnings ratio of 22.03 and a beta of 0.72. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.45. New York REIT, Inc. has a 52 week low of $6.65 and a 52 week high of $10.15.

The company also recently announced a dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Monday, November 20th will be paid a $2.07 dividend. The ex-dividend date is Friday, November 17th. This is an increase from New York REIT’s previous dividend of $0.04.

New York REIT 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)

Receive News & Ratings for New York REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York REIT Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.