Shares of New York Mortgage Trust (NASDAQ:NYMT) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.06.
Several equities research analysts recently commented on the stock. B. Riley set a $6.00 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Thursday, February 22nd. ValuEngine lowered shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Maxim Group reissued a “buy” rating and set a $6.25 price objective (down previously from $6.50) on shares of New York Mortgage Trust in a research note on Wednesday, February 21st.
Shares of NYMT traded down $0.03 during trading hours on Friday, reaching $5.90. 432,797 shares of the company traded hands, compared to its average volume of 1,565,548. The firm has a market capitalization of $668.21, a price-to-earnings ratio of 8.98 and a beta of 1.02. The company has a current ratio of 74.42, a quick ratio of 74.42 and a debt-to-equity ratio of 15.94. New York Mortgage Trust has a 12 month low of $5.35 and a 12 month high of $6.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, March 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend is Wednesday, March 28th. New York Mortgage Trust’s payout ratio is currently 121.21%.
A number of large investors have recently bought and sold shares of NYMT. Two Sigma Advisers LP bought a new stake in New York Mortgage Trust during the fourth quarter worth about $108,000. SG Americas Securities LLC purchased a new position in New York Mortgage Trust in the third quarter worth about $115,000. Koch Industries Inc. purchased a new position in New York Mortgage Trust in the fourth quarter worth about $152,000. Fox Run Management L.L.C. purchased a new position in New York Mortgage Trust in the fourth quarter worth about $164,000. Finally, Jane Street Group LLC purchased a new position in New York Mortgage Trust in the fourth quarter worth about $231,000. 38.93% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “New York Mortgage Trust (NYMT) Receives Consensus Rating of “Hold” from Brokerages” was posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://dakotafinancialnews.com/2018/04/13/new-york-mortgage-trust-nymt-receives-consensus-rating-of-hold-from-brokerages.html.
New York Mortgage Trust Company Profile
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.
Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.