New York Mortgage Trust, Inc. (NASDAQ:NYMT) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 11,662,012 shares, a drop of 8.4% from the October 31st total of 12,737,565 shares. Approximately 10.6% of the shares of the company are sold short. Based on an average daily volume of 1,108,866 shares, the days-to-cover ratio is currently 10.5 days.

Shares of New York Mortgage Trust (NYMT) opened at $6.39 on Friday. The company has a quick ratio of 71.04, a current ratio of 71.04 and a debt-to-equity ratio of 13.26. New York Mortgage Trust has a 12 month low of $5.90 and a 12 month high of $7.04. The firm has a market capitalization of $715.87, a P/E ratio of 11.85 and a beta of 1.37.

Several research analysts have weighed in on NYMT shares. Keefe, Bruyette & Woods set a $6.00 target price on New York Mortgage Trust and gave the company a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays lifted their target price on New York Mortgage Trust from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 10th. Finally, TheStreet upgraded New York Mortgage Trust from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.35.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of New York Mortgage Trust in the third quarter valued at approximately $115,000. ETRADE Capital Management LLC boosted its stake in shares of New York Mortgage Trust by 4.2% in the second quarter. ETRADE Capital Management LLC now owns 21,127 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 851 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of New York Mortgage Trust by 183.4% in the second quarter. BNP Paribas Arbitrage SA now owns 21,139 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 13,679 shares in the last quarter. Sei Investments Co. boosted its stake in shares of New York Mortgage Trust by 50.4% in the second quarter. Sei Investments Co. now owns 23,931 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 8,018 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 37.76% of the company’s stock.

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New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

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