New York Mortgage Trust Inc. (NYMT) Trading Down 2.2%
New York Mortgage Trust Inc. (NASDAQ:NYMT) fell 2.2% on Thursday . The company traded as low as $6.10 and last traded at $6.10, with a volume of 866,363 shares trading hands. The stock had previously closed at $6.24.
A number of brokerages have recently weighed in on NYMT. JMP Securities reaffirmed a “hold” rating on shares of New York Mortgage Trust in a research note on Saturday, June 4th. Deutsche Bank AG set a $6.00 target price on shares of New York Mortgage Trust and gave the company a “hold” rating in a research note on Saturday, August 6th. Zacks Investment Research raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $5.50 target price on shares of New York Mortgage Trust in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods set a $6.80 price target on shares of New York Mortgage Trust and gave the company a “hold” rating in a research report on Tuesday, August 9th. One research 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. The stock has a consensus rating of “Hold” and an average price target of $5.96.
The stock has a market capitalization of $655.22 million and a price-to-earnings ratio of 13.53. The stock has a 50-day moving average of $6.29 and a 200 day moving average of $5.47.
New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.08. During the same quarter last year, the firm earned $0.20 EPS. Equities analysts predict that New York Mortgage Trust Inc. will post $0.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 25th. Stockholders of record on Monday, June 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 16.05%. The ex-dividend date of this dividend was Thursday, June 23rd.
In other news, President Kevin M. Donlon bought 58,004 shares of New York Mortgage Trust stock in a transaction dated Thursday, June 9th. The shares were acquired at an average price of $6.30 per share, with a total value of $365,425.20. Following the completion of the purchase, the president now owns 519,000 shares in the company, valued at approximately $3,269,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Kevin M. Donlon bought 203,396 shares of New York Mortgage Trust stock in a transaction dated Tuesday, May 31st. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $1,204,104.32. Following the purchase, the president now owns 460,996 shares of the company’s stock, valued at approximately $2,729,096.32. 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.