New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $5.67 and last traded at $5.87, with a volume of 847846 shares changing hands. The stock had previously closed at $5.87.
Analyst Ratings Changes
Several analysts have issued reports on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. 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 research report on Friday. Finally, Jones Trading reaffirmed a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, New York Mortgage Trust presently has a consensus rating of "Hold" and an average target price of $7.38.
Check Out Our Latest Research Report on NYMT
New York Mortgage Trust Stock Down 2.2 %
The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The business's fifty day moving average price is $6.22 and its 200 day moving average price is $6.08. The company has a market capitalization of $582.87 million, a P/E ratio of -5.66 and a beta of 1.24.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The company had revenue of $33.10 million for the quarter, compared to the consensus estimate of $27.84 million. As a group, equities research analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.
New York Mortgage Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.39%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust's payout ratio is -1,333.33%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in New York Mortgage Trust in the 4th quarter valued at $49,000. Caxton Associates LP bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at about $69,000. Tower Research Capital LLC TRC lifted its position in New York Mortgage Trust by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock worth $78,000 after buying an additional 2,014 shares in the last quarter. Guggenheim Capital LLC bought a new stake in New York Mortgage Trust during the 4th quarter worth about $80,000. Finally, Stifel Financial Corp bought a new stake in New York Mortgage Trust during the 4th quarter worth about $86,000. 54.89% of the stock is owned by institutional investors and hedge funds.
About New York Mortgage Trust
(
Get Free Report)
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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