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Top Insider Buys Highlight: New York REIT Inc.

CEO of New York REIT Inc (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.


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.

This article first appeared on GuruFocus.