Research Analysts’ Recent Ratings Changes for NY Mtg Tr Inc/SH (NYMT)

NY Mtg Tr Inc/SH (NASDAQ: NYMT) has recently received a number of price target changes and ratings updates:

  • 10/17/2018 – NY Mtg Tr Inc/SH was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/12/2018 – NY Mtg Tr Inc/SH is now covered by analysts at Raymond James. They set a “market perform” rating on the stock.
  • 10/12/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/10/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/9/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 10/4/2018 – NY Mtg Tr Inc/SH was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/28/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/25/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 9/19/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 9/15/2018 – NY Mtg Tr Inc/SH was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/6/2018 – NY Mtg Tr Inc/SH was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “

NYMT stock traded down $0.04 during mid-day trading on Tuesday, reaching $5.90. The company had a trading volume of 34,182 shares, compared to its average volume of 1,197,160. 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 firm has a market capitalization of $827.41 million, a P/E ratio of 8.94 and a beta of 1.11. NY Mtg Tr Inc/SH has a fifty-two week low of $5.35 and a fifty-two week high of $6.54.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Thursday, September 27th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date is Wednesday, September 26th. NY Mtg Tr Inc/SH’s dividend payout ratio is currently 121.21%.

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of NY Mtg Tr Inc/SH by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 267,801 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 9,306 shares during the last quarter. SG Americas Securities LLC increased its holdings 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 valued at $285,000 after acquiring an additional 30,128 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings 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 valued at $322,000 after acquiring an additional 19,666 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of NY Mtg Tr Inc/SH by 628.2% in 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 acquiring an additional 180,633 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of NY Mtg Tr Inc/SH by 5,434.8% in 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 acquiring an additional 857,771 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

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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