New York Mortgage Trust Inc. (NYMT) Shares Down 2.2%
New York Mortgage Trust Inc. (NASDAQ:NYMT) shares fell 2.2% during trading on Thursday . The stock traded as low as $6.10 and last traded at $6.10, with a volume of 866,363 shares traded. The stock had previously closed at $6.24.
Several brokerages have commented on NYMT. Keefe, Bruyette & Woods set a $6.80 price target on New York Mortgage Trust and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Deutsche Bank AG set a $6.00 price target on New York Mortgage Trust and gave the stock a “hold” rating in a research report on Saturday, August 6th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $5.50 price target on shares of New York Mortgage Trust in a research report on Wednesday, August 3rd. Zacks Investment Research raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, JMP Securities reaffirmed a “hold” rating on shares of New York Mortgage Trust in a research report on Saturday, June 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.96.
The stock has a market cap of $660.70 million and a price-to-earnings ratio of 13.64. The stock’s 50 day moving average price is $6.30 and its 200-day moving average price is $5.46.
New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by $0.08. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities analysts predict that New York Mortgage Trust Inc. will post $0.90 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Monday, June 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.96 annualized dividend and a yield of 15.92%.
In other New York Mortgage Trust news, President Kevin M. Donlon acquired 203,396 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was bought at an average cost of $5.92 per share, with a total value of $1,204,104.32. Following the completion of the transaction, the president now directly owns 460,996 shares in the company, valued at approximately $2,729,096.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Kevin M. Donlon acquired 50,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was acquired at an average cost of $5.60 per share, with a total value of $280,000.00. Following the completion of the transaction, the president now owns 256,000 shares of the company’s stock, valued at $1,433,600. The disclosure for this purchase can be found here.
New York Mortgage Trust, Inc is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS).
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