New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) shares traded up 3.9% during trading on Monday . The company traded as high as $6.54 and last traded at $6.55. 440,969 shares were traded during trading, a decline of 35% from the average session volume of 679,272 shares. The stock had previously closed at $6.30.
Analysts Set New Price Targets
Several brokerages have commented on NYMT. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. B. Riley cut their target price on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.00.
Read Our Latest Analysis on NYMT
New York Mortgage Trust Stock Performance
The stock's 50-day moving average is $6.48 and its 200 day moving average is $6.16. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The firm has a market cap of $532.53 million, a P/E ratio of -5.16 and a beta of 1.93.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly 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). New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The business had revenue of $26.71 million for the quarter, compared to analyst estimates of $20.06 million. On average, research analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.
New York Mortgage Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.61%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust's dividend payout ratio is -70.18%.
Hedge Funds Weigh In On New York Mortgage Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of New York Mortgage Trust by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 181,363 shares of the real estate investment trust's stock valued at $1,099,000 after purchasing an additional 24,849 shares in the last quarter. Two Sigma Advisers LP bought a new stake in New York Mortgage Trust in the 4th quarter valued at approximately $454,000. Two Sigma Investments LP boosted its position in New York Mortgage Trust by 2,225.9% during the 4th quarter. Two Sigma Investments LP now owns 251,406 shares of the real estate investment trust's stock worth $1,524,000 after acquiring an additional 240,597 shares during the last quarter. State of Wyoming bought a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $112,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at approximately $103,000. 54.89% of the stock is owned by institutional investors and hedge funds.
New York Mortgage Trust Company Profile
(
Get Free Report)
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.
See Also
Before you consider New York Mortgage Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Mortgage Trust wasn't on the list.
While New York Mortgage Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
