New York Mortgage Trust (NASDAQ:NYMT) has received an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.06.
A number of brokerages recently commented on NYMT. BidaskClub cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. B. Riley set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Maxim Group reiterated a “buy” rating and issued a $6.25 target price (down previously from $6.50) on shares of New York Mortgage Trust in a research report on Wednesday, February 21st. Finally, Zacks Investment Research cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th.
NASDAQ:NYMT traded down $0.03 during trading hours on Friday, reaching $5.90. The company’s stock had a trading volume of 432,797 shares, compared to its average volume of 1,565,548. The stock has a market cap of $668.21, a PE ratio of 8.98 and a beta of 1.02. New York Mortgage Trust has a 1 year low of $5.35 and a 1 year high of $6.69. The company has a quick ratio of 74.42, a current ratio of 74.42 and a debt-to-equity ratio of 15.94.
New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The company had revenue of $15.04 million for the quarter, compared to analysts’ expectations of $19.97 million. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.38%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. sell-side analysts anticipate that New York Mortgage Trust will post 0.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, March 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date of this dividend is Wednesday, March 28th. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 121.21%.
A number of institutional investors have recently made changes to their positions in NYMT. First Trust Advisors LP bought a new stake in New York Mortgage Trust in the 3rd quarter worth $548,000. SG Americas Securities LLC bought a new stake in New York Mortgage Trust in the 3rd quarter worth $115,000. Wells Fargo & Company MN grew its holdings in New York Mortgage Trust by 46.8% in the 3rd quarter. Wells Fargo & Company MN now owns 173,658 shares of the real estate investment trust’s stock worth $1,068,000 after acquiring an additional 55,357 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in New York Mortgage Trust by 1.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 592,279 shares of the real estate investment trust’s stock worth $3,643,000 after acquiring an additional 8,190 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in New York Mortgage Trust by 6.9% in the 3rd quarter. California Public Employees Retirement System now owns 549,254 shares of the real estate investment trust’s stock worth $3,378,000 after acquiring an additional 35,554 shares during the last quarter. 38.93% of the stock is currently owned by institutional investors and hedge funds.
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New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.
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