New York Mortgage Trust (NASDAQ:NYMT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of New York Mortgage Trust (NASDAQ:NYMT - Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Separately, B. Riley lowered their target price on 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, New York Mortgage Trust has an average rating of "Hold" and an average target price of $7.00.

New York Mortgage Trust Price Performance

NASDAQ NYMT traded up $0.13 on Friday, hitting $6.89. 665,548 shares of the company's stock were exchanged, compared to its average volume of 644,944. The stock has a 50-day moving average of $6.15 and a 200-day moving average of $6.12. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. New York Mortgage Trust has a 52 week low of $5.14 and a 52 week high of $7.40. The stock has a market cap of $624.01 million, a price-to-earnings ratio of -6.04 and a beta of 1.92.

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New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced 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 net margin of 15.46% and a negative return on equity of 1.39%. The firm had revenue of $26.71 million during the quarter, compared to the consensus estimate of $20.06 million. Analysts expect that New York Mortgage Trust will post 0.51 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 11.61%. New York Mortgage Trust's payout ratio is currently -70.18%.

Institutional Trading of New York Mortgage Trust

A number of large investors have recently bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at about $49,000. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust during the 3rd quarter valued at about $62,000. Caxton Associates LP bought a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC lifted its position in shares of New York Mortgage Trust by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock worth $78,000 after buying an additional 2,014 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $80,000. 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.