NY Mtg Tr Inc/SH (NASDAQ:NYMT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other analysts have also recently commented on NYMT. Zacks Investment Research upgraded NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a report on Friday, June 29th. Maxim Group reiterated a “buy” rating and issued a $6.75 target price (up from $6.25) on shares of NY Mtg Tr Inc/SH in a report on Friday, August 3rd. ValuEngine cut NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Finally, LADENBURG THALM/SH SH cut NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.35.

Shares of NYMT stock opened at $6.29 on Friday. NY Mtg Tr Inc/SH has a one year low of $5.35 and a one year high of $6.54. The company has a market capitalization of $881.64 million, a P/E ratio of 9.53 and a beta of 1.13. The company has a current ratio of 86.93, a quick ratio of 86.93 and a debt-to-equity ratio of 14.47.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. NY Mtg Tr Inc/SH had a return on equity of 17.07% and a net margin of 24.78%. The business had revenue of $17.50 million for the quarter. sell-side analysts anticipate that NY Mtg Tr Inc/SH will post 0.24 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC lifted its stake in NY Mtg Tr Inc/SH by 58.1% in the second quarter. MetLife Investment Advisors LLC now owns 53,512 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 19,666 shares during the period. Van ECK Associates Corp lifted its stake in NY Mtg Tr Inc/SH by 3.3% in the second quarter. Van ECK Associates Corp now owns 575,232 shares of the real estate investment trust’s stock valued at $3,457,000 after buying an additional 18,423 shares during the period. SG Americas Securities LLC lifted its stake in NY Mtg Tr Inc/SH by 174.3% in the second quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 30,128 shares during the period. Rhumbline Advisers lifted its stake in NY Mtg Tr Inc/SH by 3.6% in the second quarter. Rhumbline Advisers now owns 267,801 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 9,306 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in NY Mtg Tr Inc/SH in the second quarter valued at approximately $369,000. 44.93% of the stock is currently owned by hedge funds and other institutional investors.

About NY Mtg Tr Inc/SH

New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.

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Analyst Recommendations for NY Mtg Tr Inc/SH (NASDAQ:NYMT)

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