New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.70 and last traded at $6.74, with a volume of 91875 shares changing hands. The stock had previously closed at $6.87.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. B. Riley reaffirmed a "buy" rating and issued a $11.00 price objective (down from $15.00) on shares of New York Mortgage Trust in a research note on Monday, March 25th.
Check Out Our Latest Research Report on New York Mortgage Trust
New York Mortgage Trust Stock Down 2.0 %
The business has a fifty day moving average of $7.20 and a 200 day moving average of $7.96. The company has a market capitalization of $614.05 million, a PE ratio of -6.80 and a beta of 1.92. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.21.
New York Mortgage Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 25th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 11.89%. The ex-dividend date of this dividend is Friday, March 22nd. New York Mortgage Trust's dividend payout ratio is currently -80.81%.
Institutional Investors Weigh In On New York Mortgage Trust
A number of hedge funds have recently bought and sold shares of NYMT. Centiva Capital LP acquired a new stake in New York Mortgage Trust in the 4th quarter valued at about $35,000. Envestnet Asset Management Inc. acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $36,000. Raymond James Financial Services Advisors Inc. acquired a new stake in New York Mortgage Trust in the 1st quarter valued at about $37,000. Belpointe Asset Management LLC raised its position in New York Mortgage Trust by 71.9% in the 1st quarter. Belpointe Asset Management LLC now owns 4,095 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 1,713 shares in the last quarter. Finally, CI Private Wealth LLC acquired a new stake in New York Mortgage Trust in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 54.89% of the company's stock.
New York Mortgage Trust Company Profile
(
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New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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