BidaskClub upgraded shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) from a sell rating to a hold rating in a research note released on Friday morning.
Several other research firms have also recently weighed in on NYMT. LADENBURG THALM/SH SH cut shares of NY Mtg Tr Inc/SH from a buy rating to a neutral rating in a report on Monday, August 6th. Zacks Investment Research raised shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a report on Wednesday, July 25th. Maxim Group reissued a buy rating and issued a $6.75 price target (up from $6.25) on shares of NY Mtg Tr Inc/SH in a report on Friday, August 3rd. Finally, ValuEngine raised shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $6.44.
NY Mtg Tr Inc/SH stock traded down $0.07 during trading hours on Friday, hitting $5.83. The company had a trading volume of 1,407,626 shares, compared to its average volume of 1,458,731. The stock has a market cap of $845.49 million, a P/E ratio of 8.83 and a beta of 1.11. The company has a quick ratio of 86.93, a current ratio of 86.93 and a debt-to-equity ratio of 14.47. NY Mtg Tr Inc/SH has a one year low of $5.35 and a one year high of $6.54.
NY Mtg Tr Inc/SH (NASDAQ:NYMT) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $17.50 million for the quarter. NY Mtg Tr Inc/SH had a net margin of 24.78% and a return on equity of 17.07%. Equities analysts anticipate that NY Mtg Tr Inc/SH will post 0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Thursday, September 27th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 26th. This represents a $0.80 annualized dividend and a dividend yield of 13.72%. NY Mtg Tr Inc/SH’s dividend payout ratio is presently 121.21%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Element Capital Management LLC bought a new position in shares of NY Mtg Tr Inc/SH during the first quarter worth approximately $113,000. Profund Advisors LLC bought a new position in shares of NY Mtg Tr Inc/SH during the first quarter worth approximately $122,000. LPL Financial LLC increased its holdings in shares of NY Mtg Tr Inc/SH by 119.8% during the first quarter. LPL Financial LLC now owns 22,484 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 12,255 shares during the period. OppenheimerFunds Inc. bought a new position in shares of NY Mtg Tr Inc/SH during the first quarter worth approximately $261,000. Finally, SG Americas Securities LLC increased its holdings in shares of NY Mtg Tr Inc/SH by 174.3% during the second quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 30,128 shares during the period. 44.89% of the stock is currently owned by institutional investors.
About NY Mtg Tr Inc/SH
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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