New York Mortgage Trust, Inc. (NYMT) Receives Consensus Rating of “Hold” from Brokerages

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.50.

A number of brokerages have recently issued reports on NYMT. TheStreet cut New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday, August 4th. BidaskClub cut New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the company a “hold” rating in a research note on Wednesday, May 10th. Finally, Zacks Investment Research raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in New York Mortgage Trust by 7.7% in the fourth quarter. State Street Corp now owns 2,164,690 shares of the real estate investment trust’s stock valued at $14,284,000 after buying an additional 153,943 shares during the last quarter. Teachers Advisors LLC boosted its stake in New York Mortgage Trust by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 181,876 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 3,806 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of New York Mortgage Trust by 6.9% in the first quarter. Prospera Financial Services Inc now owns 21,930 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,425 shares during the period. WealthTrust Axiom LLC raised its stake in shares of New York Mortgage Trust by 1.9% in the first quarter. WealthTrust Axiom LLC now owns 54,180 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 1,000 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of New York Mortgage Trust by 8.4% in the first quarter. Wells Fargo & Company MN now owns 102,423 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 7,947 shares during the period. 36.21% of the stock is currently owned by institutional investors.

New York Mortgage Trust (NASDAQ:NYMT) opened at 6.20 on Tuesday. The company has a market cap of $693.72 million, a price-to-earnings ratio of 12.16 and a beta of 1.38. The stock has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.33. New York Mortgage Trust has a 52 week low of $5.65 and a 52 week high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $15.71 million during the quarter, compared to the consensus estimate of $17.42 million. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. On average, equities analysts forecast that New York Mortgage Trust will post $0.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 26th were paid a $0.20 dividend. The ex-dividend date was Thursday, June 22nd. This represents a $0.80 annualized dividend and a dividend yield of 12.94%. New York Mortgage Trust’s payout ratio is presently 156.87%.

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New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

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