New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.30 and traded as high as $6.88. New York Mortgage Trust shares last traded at $6.76, with a volume of 598,814 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Jones Trading reiterated a "buy" rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a report on Friday, May 2nd.
Check Out Our Latest Stock Analysis on NYMT
New York Mortgage Trust Trading Up 0.3%
The company has a current ratio of 11.43, a quick ratio of 11.43 and a debt-to-equity ratio of 9.15. The firm has a 50-day moving average price of $6.59 and a 200-day moving average price of $6.31. The company has a market capitalization of $617.83 million, a price-to-earnings ratio of -113.75 and a beta of 1.27.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.10. New York Mortgage Trust had a return on equity of 2.51% and a net margin of 8.50%. The firm 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, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 23rd will be issued a $0.20 dividend. The ex-dividend date is Monday, June 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.69%. New York Mortgage Trust's payout ratio is currently -1,333.33%.
Institutional Trading of New York Mortgage Trust
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of New York Mortgage Trust by 23.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,566 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth $69,000. Jump Financial LLC acquired a new stake in shares of New York Mortgage Trust during the first quarter worth $74,000. Tower Research Capital LLC TRC lifted its holdings in shares of New York Mortgage Trust by 18.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of New York Mortgage Trust in the 4th quarter valued at $80,000. 54.89% of the stock is currently owned by institutional investors.
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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