A number of other equities research analysts have also commented on NYMT. Zacks Investment Research lowered shares of NY MTG TR INC/SH from a buy rating to a hold rating in a research note on Tuesday, January 15th. Barclays lowered shares of NY MTG TR INC/SH from an equal weight rating to an underweight rating and set a $5.00 price objective on the stock. in a research note on Thursday, February 28th. Finally, Nomura started coverage on shares of NY MTG TR INC/SH in a research note on Wednesday, March 27th. They issued a buy rating and a $6.50 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. NY MTG TR INC/SH currently has a consensus rating of Hold and an average target price of $6.31.
NASDAQ:NYMT opened at $6.18 on Friday. The company has a debt-to-equity ratio of 15.08, a quick ratio of 97.55 and a current ratio of 97.55. NY MTG TR INC/SH has a 52 week low of $5.58 and a 52 week high of $6.54. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.19 and a beta of 0.83.
NY MTG TR INC/SH (NASDAQ:NYMT) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). NY MTG TR INC/SH had a net margin of 20.71% and a return on equity of 13.29%. The firm had revenue of $21.87 million during the quarter, compared to the consensus estimate of $19.90 million. Equities research analysts forecast that NY MTG TR INC/SH will post 0.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.94%. The ex-dividend date is Thursday, March 28th. NY MTG TR INC/SH’s dividend payout ratio is presently 93.02%.
A number of hedge funds and other institutional investors have recently modified their holdings of NYMT. Russell Investments Group Ltd. bought a new position in NY MTG TR INC/SH during the third quarter worth $258,000. Rhumbline Advisers boosted its stake in NY MTG TR INC/SH by 19.2% during the third quarter. Rhumbline Advisers now owns 319,095 shares of the real estate investment trust’s stock worth $1,940,000 after acquiring an additional 51,294 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in NY MTG TR INC/SH by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 1,570,469 shares of the real estate investment trust’s stock worth $9,549,000 after acquiring an additional 305,262 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in NY MTG TR INC/SH by 85.8% during the third quarter. MetLife Investment Advisors LLC now owns 99,449 shares of the real estate investment trust’s stock worth $605,000 after acquiring an additional 45,937 shares in the last quarter. Finally, Bramshill Investments LLC bought a new position in NY MTG TR INC/SH during the third quarter worth $840,000. 44.04% of the stock is currently owned by institutional investors and hedge funds.
About NY MTG TR INC/SH
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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