NY MTG TR INC/SH (NASDAQ:NYMT)‘s stock had its “hold” rating reissued by equities researchers at Raymond James in a research report issued on Wednesday, AnalystRatings.com reports.

Several other research firms also recently issued reports on NYMT. Zacks Investment Research downgraded NY MTG TR INC/SH from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. Barclays raised NY MTG TR INC/SH from an “underweight” rating to an “equal weight” rating and set a $2.50 price target for the company in a research note on Wednesday, May 27th. Credit Suisse Group reaffirmed a “hold” rating and set a $2.50 price target on shares of NY MTG TR INC/SH in a research note on Thursday, August 6th. BidaskClub downgraded NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Maxim Group reiterated a “hold” rating on shares of NY MTG TR INC/SH in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. NY MTG TR INC/SH has a consensus rating of “Hold” and a consensus price target of $4.50.

NY MTG TR INC/SH stock traded up $0.02 during midday trading on Wednesday, reaching $2.67. The company’s stock had a trading volume of 28,941 shares, compared to its average volume of 9,640,239. NY MTG TR INC/SH has a fifty-two week low of $0.98 and a fifty-two week high of $6.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 42.01 and a current ratio of 42.01. The stock’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.63. The firm has a market capitalization of $1.00 billion, a PE ratio of -2.45 and a beta of 1.83.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. NY MTG TR INC/SH had a negative return on equity of 27.89% and a net margin of 23.67%. Equities analysts predict that NY MTG TR INC/SH will post -1.34 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of NYMT. American International Group Inc. grew its holdings in NY MTG TR INC/SH by 34.4% in the 1st quarter. American International Group Inc. now owns 258,963 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 66,251 shares during the period. New York State Common Retirement Fund grew its holdings in NY MTG TR INC/SH by 17.7% in the 1st quarter. New York State Common Retirement Fund now owns 278,400 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 41,900 shares during the period. Rhumbline Advisers grew its holdings in NY MTG TR INC/SH by 36.0% in the 1st quarter. Rhumbline Advisers now owns 1,232,694 shares of the real estate investment trust’s stock valued at $1,911,000 after buying an additional 326,360 shares during the period. Bank of New York Mellon Corp grew its holdings in NY MTG TR INC/SH by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 3,970,193 shares of the real estate investment trust’s stock valued at $6,153,000 after buying an additional 761,358 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in NY MTG TR INC/SH by 53.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,953 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 5,587 shares during the period. Institutional investors own 53.05% of the company’s stock.

NY MTG TR INC/SH Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

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Analyst Recommendations for NY MTG TR INC/SH (NASDAQ:NYMT)

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