New York Mortgage Trust (NYMT) Receives Consensus Rating of “Hold” from Brokerages

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.



New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $15.04 million for the quarter, compared to analyst estimates of $19.97 million. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.38%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. research analysts forecast that New York Mortgage Trust will post 0.53 EPS for the current fiscal year.

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.

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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.

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