ValuEngine Lowers NY Mtg Tr Inc/SH (NYMT) to Sell
NY Mtg Tr Inc/SH (NASDAQ:NYMT) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other research analysts also recently issued reports on NYMT. BidaskClub downgraded NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Zacks Investment Research upgraded NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Maxim Group reiterated a “buy” rating and issued a $6.75 price target (up from $6.25) on shares of NY Mtg Tr Inc/SH in a report on Friday, August 3rd. Finally, LADENBURG THALM/SH SH downgraded NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. One investment 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 currently has a consensus rating of “Hold” and a consensus target price of $6.25.
Shares of NASDAQ:NYMT opened at $6.09 on Thursday. NY Mtg Tr Inc/SH has a 12-month low of $5.35 and a 12-month high of $6.54. The firm has a market capitalization of $874.69 million, a PE ratio of 7.77 and a beta of 1.00. The company has a current ratio of 88.96, a quick ratio of 86.93 and a debt-to-equity ratio of 13.55.
Institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in shares of NY Mtg Tr Inc/SH by 119.8% in the 1st quarter. LPL Financial LLC now owns 22,484 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 12,255 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of NY Mtg Tr Inc/SH in the 3rd quarter worth $137,000. Russell Investments Group Ltd. acquired a new stake in shares of NY Mtg Tr Inc/SH in the 3rd quarter worth $258,000. SG Americas Securities LLC boosted its position in shares of NY Mtg Tr Inc/SH by 174.3% in the 2nd 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. Finally, MetLife Investment Advisors LLC boosted its position in shares of NY Mtg Tr Inc/SH by 58.1% in the 2nd 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. 45.00% of the stock is owned by hedge funds and other institutional investors.
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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