New York Mortgage Trust (NASDAQ:NYMT) Shares Pass Above 200-Day Moving Average - Here's What Happened

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.21 and traded as high as $6.54. New York Mortgage Trust shares last traded at $6.53, with a volume of 449,804 shares changing hands.

Analyst Ratings Changes

NYMT has been the subject of a number of recent research reports. Jones Trading reissued a "buy" rating and issued a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley raised their target price on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st.

New York Mortgage Trust Stock Performance

The stock has a market capitalization of $591.45 million, a PE ratio of -5.75 and a beta of 1.24. The business's fifty day moving average is $6.18 and its two-hundred day moving average is $6.22. 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 issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $27.84 million. As a group, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.21%. New York Mortgage Trust's dividend payout ratio (DPR) is -1,333.33%.

Hedge Funds Weigh In On New York Mortgage Trust

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in New York Mortgage Trust by 191.6% in the fourth quarter. Jane Street Group LLC now owns 479,428 shares of the real estate investment trust's stock valued at $2,905,000 after purchasing an additional 315,040 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth about $116,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of New York Mortgage Trust by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,049 shares of the real estate investment trust's stock worth $564,000 after purchasing an additional 15,840 shares during the period. Proficio Capital Partners LLC acquired a new position in New York Mortgage Trust in the fourth quarter valued at approximately $126,000. Finally, JPMorgan Chase & Co. lifted its holdings in New York Mortgage Trust by 137.2% in the fourth quarter. JPMorgan Chase & Co. now owns 100,934 shares of the real estate investment trust's stock valued at $612,000 after acquiring an additional 58,388 shares during the period. 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.