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Top Insider Buys Highlight: New York REIT Inc.

August 21, 2014 | About:

CEO of New York REIT Inc (NYSE:NYRT) Nicholas S Schorsch bought 15,000 shares on 08/20/2014 at an average price of $10.29. The total transaction amount was $154,350.

New York REIT Inc has a market cap of $1.69 billion; its shares were traded at around $10.45 with a P/S ratio of 14.00. The dividend yield of New York Reit Inc stocks is 1.50%. Articles on GuruFocus.COM

Nicholas Schorsch is the chief executive officer of New York REIT Inc. He has also co-founded the company AR Capital and is currently its CEO and chairman. At RCS Capital Corporation, Schorsch is serving as its executive chairman.

New York REIT Inc. announced revenues of $35.9 million and net loss of $67.7 million for their 2014 second quarter results.

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GuruFocus Guru Lee Ainslie (Trades, Portfolio) initiated her position in New York REIT Inc. She bought 3,042,432 shares in the quarter that ended on June 30, 2014.

CEO Nicholas S Schorsch bought 15,000 shares of NYRT stock on 08/20/2014 at the average price of 10.29. Director William M Kahane and President Michael A. Happel together bought 30,000 shares of NYRT stock on August 20, 2014.


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