New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Wednesday.
Separately, B. Riley decreased their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.00.
Get Our Latest Stock Report on New York Mortgage Trust
New York Mortgage Trust Price Performance
New York Mortgage Trust stock traded down $0.05 during midday trading on Wednesday, hitting $6.12. 391,500 shares of the company's stock were exchanged, compared to its average volume of 520,654. The stock has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $6.11. New York Mortgage Trust has a 52-week low of $5.14 and a 52-week high of $7.68. The company has a market cap of $554.35 million, a P/E ratio of -18.55 and a beta of 1.92. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25.
Hedge Funds Weigh In On New York Mortgage Trust
Several institutional investors have recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in New York Mortgage Trust in the 4th quarter worth approximately $49,000. McIlrath & Eck LLC bought a new stake in shares of New York Mortgage Trust in the 3rd quarter worth approximately $62,000. Sequoia Financial Advisors LLC purchased a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at $76,000. Calton & Associates Inc. purchased a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at $82,000. Finally, AQR Capital Management LLC bought a new position in shares of New York Mortgage Trust during the 2nd quarter valued at $83,000. 54.89% of the stock is currently owned by institutional investors.
About New York Mortgage Trust
(
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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.
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