Insider Trading at New York REIT, Inc (NYRT): Jr. M Edward Weil Buys 9,800 shares

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Edward M. Weil Jr., Secretary and Treasurer at New York REIT, Inc. (NYSE:NYRT), acquired last August 29th through an open market transaction 9,800 shares of Common Stock. These were bought at a price of $10.20, for a total value of $99,989. Following the filing, he owns 9,800 shares directly and 20,000 indirectly by New York Recovery Limited Partnership, LLC.

Last August, other insiders have also decided to increase their stakes in this real estate investment trust engaged in acquiring and operating commercial real estate in New York City.  Nicholas S. Schorsch, Chief Executive Officer at New York REIT, Inc. (NYSE:NYRT) bought 15,000 shares for a price of $10.29 each. Also, the company’s President, Michael A. Happel acquired 20,000 shares for a price of $10.28 each.

In addition, a few insititutional investors are betting on New York REIT, Inc. (NYSE:NYRT). D.E. Shaw last declared ownership of 956,628 shares, worth more than $10 million.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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