New York Mortgage Trust (NASDAQ:NYMT) Sees Strong Trading Volume - What's Next?

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 1,432,801 shares traded hands during trading, an increase of 151% from the previous session's volume of 570,394 shares.The stock last traded at $6.28 and had previously closed at $5.99.

Analysts Set New Price Targets

NYMT has been the subject of a number of research analyst reports. B. Riley reduced their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. StockNews.com cut shares of New York Mortgage Trust from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.00.

New York Mortgage Trust Price Performance

The stock's 50-day moving average price is $6.03 and its 200 day moving average price is $6.09. The firm has a market capitalization of $585.15 million, a price-to-earnings ratio of -5.67 and a beta of 1.92. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.47). The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. Equities research analysts expect that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.38%. The ex-dividend date of this dividend was Friday, December 20th. New York Mortgage Trust's dividend payout ratio (DPR) is -70.18%.

Institutional Investors Weigh In On New York Mortgage Trust

A number of hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in shares of New York Mortgage Trust by 347.4% in the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust's stock valued at $955,000 after purchasing an additional 117,206 shares during the period. Geode Capital Management LLC grew its holdings in shares of New York Mortgage Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust's stock valued at $14,320,000 after purchasing an additional 10,017 shares during the period. Intech Investment Management LLC grew its holdings in shares of New York Mortgage Trust by 91.5% in the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust's stock valued at $254,000 after purchasing an additional 19,165 shares during the period. Jane Street Group LLC grew its holdings in shares of New York Mortgage Trust by 17.5% in the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 24,430 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $407,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.