NY Mtg Tr Inc/SH (NASDAQ:NYMT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James started coverage on shares of NY Mtg Tr Inc/SH in a report on Friday, October 12th. They set a “market perform” rating for the company. BidaskClub upgraded shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. LADENBURG THALM/SH SH cut shares of NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.75 target price (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.44.

NYMT stock traded up $0.01 during mid-day trading on Wednesday, reaching $5.96. 13,139 shares of the stock traded hands, compared to its average volume of 1,429,467. The company has a debt-to-equity ratio of 14.47, a current ratio of 86.93 and a quick ratio of 86.93. NY Mtg Tr Inc/SH has a 52 week low of $5.35 and a 52 week high of $6.54. The stock has a market capitalization of $832.97 million, a price-to-earnings ratio of 9.04 and a beta of 1.11.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. NY Mtg Tr Inc/SH had a net margin of 24.78% and a return on equity of 17.07%. The company had revenue of $17.50 million during the quarter. Equities analysts expect that NY Mtg Tr Inc/SH will post 0.69 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of 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. SG Americas Securities LLC raised its position 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 worth $285,000 after purchasing an additional 30,128 shares in the last quarter. MetLife Investment Advisors LLC raised its position 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 worth $322,000 after purchasing an additional 19,666 shares in the last quarter. Legal & General Group Plc raised its position in NY Mtg Tr Inc/SH by 628.2% in the first quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock worth $1,238,000 after purchasing an additional 180,633 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in NY Mtg Tr Inc/SH by 5,434.8% in the first quarter. Principal Financial Group Inc. now owns 873,554 shares of the real estate investment trust’s stock worth $5,181,000 after purchasing an additional 857,771 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

NY Mtg Tr Inc/SH Company Profile

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.

Read More: Return on Investment (ROI)

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

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