ValuEngine upgraded shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other analysts also recently commented on NYMT. Zacks Investment Research upgraded NY Mtg Tr Inc/SH from a sell rating to a hold rating in a research note on Friday, June 29th. BidaskClub downgraded NY Mtg Tr Inc/SH from a hold rating to a sell rating in a research note on Friday, July 20th. Maxim Group reiterated a buy rating and set a $6.75 price target (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a research note on Friday, August 3rd. Raymond James began coverage on NY Mtg Tr Inc/SH in a research note on Friday, October 12th. They set a market perform rating for the company. Finally, LADENBURG THALM/SH SH downgraded NY Mtg Tr Inc/SH from a buy rating to a neutral rating in a research note on Monday, August 6th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $6.44.

Shares of NYMT traded down $0.07 during trading hours on Wednesday, hitting $6.04. The stock had a trading volume of 1,435,581 shares, compared to its average volume of 1,033,948. The company has a debt-to-equity ratio of 14.47, a current ratio of 86.93 and a quick ratio of 86.93. The company has a market cap of $839.93 million, a PE ratio of 7.37 and a beta of 1.11. NY Mtg Tr Inc/SH has a 1-year low of $5.35 and a 1-year high of $6.54.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last issued 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. The company had revenue of $17.50 million during the quarter. NY Mtg Tr Inc/SH had a return on equity of 17.07% and a net margin of 24.78%. Analysts expect that NY Mtg Tr Inc/SH will post 0.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Thursday, September 27th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 13.25%. NY Mtg Tr Inc/SH’s dividend payout ratio (DPR) is currently 121.21%.

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in NY Mtg Tr Inc/SH by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 267,801 shares of the real estate investment trust’s stock valued at $1,609,000 after purchasing an additional 9,306 shares during the last quarter. SG Americas Securities LLC boosted its stake in NY Mtg Tr Inc/SH by 174.3% during the 2nd quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 30,128 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in NY Mtg Tr Inc/SH by 58.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 53,512 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 19,666 shares during the last quarter. Legal & General Group Plc boosted its stake in NY Mtg Tr Inc/SH by 628.2% during the 1st quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 180,633 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in NY Mtg Tr Inc/SH by 5,434.8% during the 1st quarter. Principal Financial Group Inc. now owns 873,554 shares of the real estate investment trust’s stock valued at $5,181,000 after purchasing an additional 857,771 shares during 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.

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

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