NY MTG TR INC/SH (NASDAQ:NYMT) Lowered to Sell at BidaskClub

BidaskClub cut shares of NY MTG TR INC/SH (NASDAQ:NYMT) from a hold rating to a sell rating in a report issued on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research cut shares of NY MTG TR INC/SH from a buy rating to a hold rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. NY MTG TR INC/SH currently has a consensus rating of Hold and a consensus target price of $6.50.

NYMT stock traded up $0.01 during mid-day trading on Thursday, hitting $6.29. The company had a trading volume of 4,350,260 shares, compared to its average volume of 7,753,260. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 13.67 and a beta of 0.75. NY MTG TR INC/SH has a 12-month low of $5.88 and a 12-month high of $6.47. The company has a quick ratio of 112.90, a current ratio of 112.90 and a debt-to-equity ratio of 11.63. The company has a 50-day moving average price of $6.29 and a 200 day moving average price of $6.20.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 20th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.72%. NY MTG TR INC/SH’s dividend payout ratio (DPR) is presently 93.02%.

Several institutional investors have recently bought and sold shares of NYMT. UBS Asset Management Americas Inc. boosted its holdings in shares of NY MTG TR INC/SH by 19.1% during the second quarter. UBS Asset Management Americas Inc. now owns 123,599 shares of the real estate investment trust’s stock worth $766,000 after purchasing an additional 19,803 shares during the period. Tompkins Financial Corp boosted its holdings in shares of NY MTG TR INC/SH by 252.7% during the third quarter. Tompkins Financial Corp now owns 10,629 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 7,615 shares during the period. Strs Ohio boosted its holdings in shares of NY MTG TR INC/SH by 14.0% during the third quarter. Strs Ohio now owns 63,400 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 7,800 shares during the period. World Asset Management Inc purchased a new stake in shares of NY MTG TR INC/SH during the third quarter worth about $69,000. Finally, Rhumbline Advisers lifted its holdings in NY MTG TR INC/SH by 27.4% in the third quarter. Rhumbline Advisers now owns 768,317 shares of the real estate investment trust’s stock worth $4,679,000 after buying an additional 165,301 shares during the period. Hedge funds and other institutional investors own 42.12% of the company’s stock.

NY MTG TR INC/SH Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

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Analyst Recommendations for NY MTG TR INC/SH (NASDAQ:NYMT)

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