StockNews.com lowered shares of New York Mortgage Trust (NASDAQ:NYMT – Get Rating) from a hold rating to a sell rating in a research report released on Wednesday morning.
NYMT has been the subject of several other reports. Jonestrading reissued a hold rating on shares of New York Mortgage Trust in a research note on Wednesday, March 1st. Keefe, Bruyette & Woods dropped their price target on New York Mortgage Trust to $2.50 and set a market perform rating on the stock in a research note on Wednesday, March 8th. Finally, LADENBURG THALM/SH SH lowered shares of New York Mortgage Trust from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $13.33.
New York Mortgage Trust Trading Down 4.1 %
Shares of NASDAQ:NYMT opened at $8.94 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 9.77 and a current ratio of 9.77. The stock has a market capitalization of $817.21 million, a price-to-earnings ratio of -2.48 and a beta of 1.78. New York Mortgage Trust has a 1-year low of $8.28 and a 1-year high of $14.96. The company has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.83.
New York Mortgage Trust Announces Dividend
Hedge Funds Weigh In On New York Mortgage Trust
Several institutional investors and hedge funds have recently bought and sold shares of NYMT. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of New York Mortgage Trust in the third quarter worth approximately $25,000. Evergreen Capital Management LLC purchased a new stake in New York Mortgage Trust in the 3rd quarter worth approximately $26,000. M&T Bank Corp purchased a new stake in New York Mortgage Trust in the 2nd quarter worth approximately $28,000. Bleakley Financial Group LLC acquired a new stake in shares of New York Mortgage Trust during the 4th quarter valued at $28,000. Finally, Clarius Group LLC purchased a new position in shares of New York Mortgage Trust during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance, and management of mortgage-related single-family and multi-family residential assets. Its investment portfolio includes credit sensitive single-family and multi-family assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.
- Get a free copy of the StockNews.com research report on New York Mortgage Trust (NYMT)
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