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.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last announced its quarterly earnings results on Monday, November 5th. 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 return on equity of 17.13% and a net margin of 25.07%. The business had revenue of $19.60 million for the quarter, compared to the consensus estimate of $17.10 million. On average, equities research analysts forecast that NY Mtg Tr Inc/SH will post 0.69 EPS for the current year.

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

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