New York Mortgage Trust (NASDAQ:NYMT) Upgraded at StockNews.com

StockNews.com upgraded shares of New York Mortgage Trust (NASDAQ:NYMT) from a sell rating to a hold rating in a research note released on Sunday morning.

Separately, B. Riley decreased their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, New York Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Trading Down 1.5 %

Shares of NYMT opened at $6.76 on Friday. The business’s 50-day moving average price is $6.15 and its 200-day moving average price is $6.12. New York Mortgage Trust has a twelve month low of $5.14 and a twelve month high of $7.40. The stock has a market cap of $612.23 million, a PE ratio of -5.93 and a beta of 1.92. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The company had revenue of $26.71 million for the quarter, compared to the consensus estimate of $20.06 million. On average, equities analysts forecast that New York Mortgage Trust will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.83%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is -70.18%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of New York Mortgage Trust in the fourth quarter worth approximately $49,000. McIlrath & Eck LLC purchased a new stake in New York Mortgage Trust in the third quarter worth approximately $62,000. Caxton Associates LP purchased a new stake in New York Mortgage Trust in the fourth quarter worth approximately $69,000. Tower Research Capital LLC TRC boosted its stake in New York Mortgage Trust by 18.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 2,014 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in New York Mortgage Trust in the fourth quarter worth approximately $80,000. 54.89% of the stock is currently owned by institutional investors.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.