Will stock surge before Earnings results? New York City REIT (NYSE:NYC)

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

New York City REIT, Inc. is estimated to report earnings on 02/18/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.1.

No earning Data

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 25.50%. 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 25.5% from its current price of $9.96. New York City REIT has received no research coverage in the past 90 days.

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

New York City REIT is a leading dividend payer. It pays a dividend yield of 4.08%, putting its dividend yield in the top 25% of dividend-paying stocks. New York City REIT does not have a long track record of dividend growth. Based on EPS estimates, New York City REIT will have a dividend payout ratio of 93.02% in the coming year. This indicates that New York City REIT may not be able to sustain their current dividend.

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

In the past three months, New York City REIT insiders have not sold or bought any company stock. Only 0.74% of the stock of New York City REIT is held by institutions.

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

Earnings for New York City REIT are expected to grow by 4.88% in the coming year, from $0.41 to $0.43 per share.

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