NY MTG TR INC/SH Target of Unusually Large Options Trading (NASDAQ:NYMT)

NY MTG TR INC/SH (NASDAQ:NYMT) was the target of some unusual options trading activity on Tuesday. Traders acquired 1,006 put options on the company. This is an increase of approximately 1,424% compared to the average volume of 66 put options.

NYMT has been the topic of a number of analyst reports. BidaskClub cut shares of NY MTG TR INC/SH from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 14th. Barclays cut shares of NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Thursday, February 28th. Nomura started coverage on shares of NY MTG TR INC/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $6.50 price objective on the stock. Maxim Group reaffirmed a “buy” rating and set a $6.75 price objective on shares of NY MTG TR INC/SH in a research note on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. NY MTG TR INC/SH presently has an average rating of “Hold” and an average target price of $6.25.

A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its stake in NY MTG TR INC/SH by 10.4% during the fourth quarter. Amalgamated Bank now owns 21,957 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 2,065 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of NY MTG TR INC/SH by 3.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 78,265 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 2,332 shares in the last quarter. Strs Ohio lifted its position in shares of NY MTG TR INC/SH by 7.9% during the first quarter. Strs Ohio now owns 45,300 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 3,300 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of NY MTG TR INC/SH by 15.6% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 37,024 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in shares of NY MTG TR INC/SH during the first quarter worth approximately $31,000. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NY MTG TR INC/SH stock opened at $6.17 on Wednesday. The company has a current ratio of 120.54, a quick ratio of 120.54 and a debt-to-equity ratio of 14.72. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 7.17 and a beta of 0.81. NY MTG TR INC/SH has a 1-year low of $5.58 and a 1-year high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $26.20 million for the quarter, compared to analysts’ expectations of $23.00 million. NY MTG TR INC/SH had a net margin of 21.47% and a return on equity of 13.32%. As a group, equities analysts anticipate that NY MTG TR INC/SH will post 0.64 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “NY MTG TR INC/SH Target of Unusually Large Options Trading (NASDAQ:NYMT)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2019/06/12/ny-mtg-tr-inc-sh-target-of-unusually-large-options-trading-nasdaqnymt.html.

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.

Further Reading: Momentum Indicators

Receive News & Ratings for NY MTG TR INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NY MTG TR INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.