New York Mortgage Trust, Inc. (NASDAQ:NYMT) Given Average Rating of "Moderate Buy" by Analysts

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) have received a consensus rating of "Moderate Buy" from the four analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.38.

NYMT has been the subject of a number of research analyst reports. B. Riley lifted their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Jones Trading reissued a "buy" rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a report on Friday, May 2nd. Finally, StockNews.com upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st.

New York Mortgage Trust Trading Up 1.9 %

Shares of New York Mortgage Trust stock traded up $0.12 on Friday, hitting $6.56. The stock had a trading volume of 416,792 shares, compared to its average volume of 744,130. The stock's 50-day simple moving average is $6.21 and its two-hundred day simple moving average is $6.09. New York Mortgage Trust has a one year low of $5.01 and a one year high of $7.11. The stock has a market cap of $592.63 million, a price-to-earnings ratio of -5.75 and a beta of 1.24. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The business had revenue of $33.10 million for the quarter, compared to analyst estimates of $27.84 million. As a group, sell-side analysts predict that New York Mortgage Trust will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.19%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust's dividend payout ratio is currently -1,333.33%.

Institutional Investors Weigh In On New York Mortgage Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of New York Mortgage Trust during the fourth quarter worth $49,000. McIlrath & Eck LLC bought a new position in New York Mortgage Trust in the third quarter worth approximately $62,000. Caxton Associates LP purchased a new stake in shares of New York Mortgage Trust in the 4th quarter worth $69,000. Tower Research Capital LLC TRC lifted its stake in New York Mortgage Trust by 18.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 2,014 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in New York Mortgage Trust during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 54.89% of the company's stock.

New York Mortgage Trust Company Profile

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.