worth buying post Earnings results? New York City REIT (NYSE:NYC)

Earnings results for New York City REIT (NYSE:NYC)

New York City REIT, Inc. is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.07.

Analyst Opinion on New York City REIT (NYSE:NYC)

1 Wall Street analysts have issued ratings and price targets for New York City REIT in the last 12 months. Their average twelve-month price target is $12.50, predicting that the stock has a possible upside of 23.64%. The high price target for NYC is $12.50 and the low price target for NYC is $12.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

New York City REIT has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $12.50, New York City REIT has a forecasted upside of 23.6% from its current price of $10.11. New York City REIT has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: New York City REIT (NYSE:NYC)

New York City REIT pays a meaningful dividend of 2.01%, higher than the bottom 25% of all stocks that pay dividends. New York City REIT does not have a long track record of dividend growth. Based on earnings estimates, New York City REIT will have a dividend payout ratio of 43.48% next year. This indicates that New York City REIT will be able to sustain or increase its dividend.

Insiders buying/selling: New York City REIT (NYSE:NYC)

In the past three months, New York City REIT insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $13,800.00 in company stock and sold $0.00 in company stock.

Earnings and Valuation of New York City REIT (NYSE:NYC

Earnings for New York City REIT are expected to grow by 4.55% in the coming year, from $0.44 to $0.46 per share.

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