Trade-Ideas LLC identified

New York REIT

(

NYRT

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified New York REIT as such a stock due to the following factors:

  • NYRT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.8 million.
  • NYRT traded 410,923 shares today in the pre-market hours as of 9:05 AM, representing 53.4% of its average daily volume.

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More details on NYRT:

New York REIT, Inc. focuses on acquiring commercial real estate, as well as acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. The stock currently has a dividend yield of 4.9%. NYRT has a PE ratio of 33. Currently there are 2 analysts that rate New York REIT a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for New York REIT has been 1.0 million shares per day over the past 30 days. New York REIT has a market cap of $1.6 billion and is part of the financial sector and real estate industry. Shares are down 17% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates New York REIT as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 105.7% when compared to the same quarter one year prior, rising from -$8.52 million to $0.49 million.
  • NEW YORK REIT INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, NEW YORK REIT INC continued to lose money by earning -$0.23 versus -$0.57 in the prior year.
  • NYRT, with its decline in revenue, underperformed when compared the industry average of 10.4%. Since the same quarter one year prior, revenues fell by 10.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has significantly decreased to $5.71 million or 60.48% when compared to the same quarter last year. Despite a decrease in cash flow of 60.48%, NEW YORK REIT INC is in line with the industry average cash flow growth rate of -65.75%.
  • The gross profit margin for NEW YORK REIT INC is currently extremely low, coming in at 2.32%. Regardless of NYRT's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, NYRT's net profit margin of 1.28% is significantly lower than the industry average.

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