NY Mtg Tr Inc/SH (NASDAQ:NYMT) gapped down before the market opened on Thursday . The stock had previously closed at $6.57, but opened at $6.29. NY Mtg Tr Inc/SH shares last traded at $6.07, with a volume of 17022613 shares traded.
Several brokerages recently commented on NYMT. Zacks Investment Research lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. ValuEngine lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub upgraded shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Raymond James began coverage on shares of NY Mtg Tr Inc/SH in a research note on Friday, October 12th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.25.
The company has a current ratio of 88.96, a quick ratio of 86.93 and a debt-to-equity ratio of 13.55. The company has a market capitalization of $874.69 million, a P/E ratio of 9.23 and a beta of 1.00.
NY Mtg Tr Inc/SH (NASDAQ:NYMT) last announced its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $17.10 million. NY Mtg Tr Inc/SH had a net margin of 25.07% and a return on equity of 17.13%. As a group, research analysts expect that NY Mtg Tr Inc/SH will post 0.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Thursday, September 27th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 13.14%. NY Mtg Tr Inc/SH’s dividend payout ratio is presently 121.21%.
A number of hedge funds and other institutional investors have recently bought and sold shares of NYMT. Bank of New York Mellon Corp increased its stake in NY Mtg Tr Inc/SH by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 1,570,469 shares of the real estate investment trust’s stock valued at $9,549,000 after purchasing an additional 305,262 shares during the period. Legal & General Group Plc increased its stake in NY Mtg Tr Inc/SH by 628.2% in the first quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 180,633 shares during the period. Guggenheim Capital LLC increased its stake in NY Mtg Tr Inc/SH by 373.0% in the first quarter. Guggenheim Capital LLC now owns 221,959 shares of the real estate investment trust’s stock valued at $1,317,000 after purchasing an additional 175,032 shares during the period. Sterling Capital Management LLC acquired a new position in NY Mtg Tr Inc/SH in the third quarter valued at $969,000. Finally, Advisors Preferred LLC acquired a new position in NY Mtg Tr Inc/SH in the third quarter valued at $647,000. Institutional investors own 45.00% of the company’s stock.
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NY Mtg Tr Inc/SH Company Profile (NASDAQ:NYMT)
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.
See Also: Cash Flow
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