New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 Upgrades and Downgrades
Several analysts have recently weighed in on NYMT shares. Jones Trading reissued a "buy" rating and set a $7.50 price objective on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley raised 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, 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.
Read Our Latest Stock Analysis on NYMT
New York Mortgage Trust Price Performance
The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The firm has a market capitalization of $591.45 million, a P/E ratio of -5.75 and a beta of 1.24. The company's 50 day moving average price is $6.18 and its 200 day moving average price is $6.23.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.10. The company had revenue of $33.10 million during the quarter, compared to the consensus estimate of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. As a group, sell-side analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS 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. Shareholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 12.21%. New York Mortgage Trust's dividend payout ratio is currently -1,333.33%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in New York Mortgage Trust by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock valued at $38,918,000 after acquiring an additional 264,334 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of New York Mortgage Trust by 3.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,772,564 shares of the real estate investment trust's stock valued at $24,484,000 after purchasing an additional 138,835 shares during the period. Invesco Ltd. boosted its position in shares of New York Mortgage Trust by 20.3% in the 4th quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust's stock worth $19,437,000 after purchasing an additional 542,002 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of New York Mortgage Trust by 32.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,860,410 shares of the real estate investment trust's stock worth $12,074,000 after purchasing an additional 450,501 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of New York Mortgage Trust by 9.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,179,141 shares of the real estate investment trust's stock worth $7,653,000 after purchasing an additional 105,288 shares during the period. Institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Company Profile
(
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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