New York Mortgage Trust, Inc. (NASDAQ:NYMT) Short Interest Update

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 2,130,000 shares, a growth of 17.0% from the April 30th total of 1,820,000 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average trading volume of 817,600 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Ratings Changes

Several equities analysts have weighed in on NYMT shares. 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. Wall Street Zen upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Jones Trading reiterated a "buy" rating and set a $7.50 price target on shares of New York Mortgage Trust in a report on Friday, May 2nd.

Institutional Investors Weigh In On New York Mortgage Trust

A number of institutional investors have recently bought and sold shares of NYMT. Janney Montgomery Scott LLC purchased a new stake in New York Mortgage Trust in the fourth quarter valued at approximately $407,000. Allspring Global Investments Holdings LLC grew its holdings in New York Mortgage Trust by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust's stock valued at $22,311,000 after purchasing an additional 12,237 shares during the period. Van ECK Associates Corp grew its holdings in New York Mortgage Trust by 9.9% in the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock valued at $4,900,000 after purchasing an additional 72,946 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in New York Mortgage Trust in the fourth quarter valued at approximately $49,000. Finally, Rhumbline Advisers grew its holdings in New York Mortgage Trust by 5.4% in the fourth quarter. Rhumbline Advisers now owns 277,123 shares of the real estate investment trust's stock valued at $1,679,000 after purchasing an additional 14,104 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Trading Up 1.7%

Shares of NASDAQ NYMT traded up $0.11 during midday trading on Friday, reaching $6.77. 523,039 shares of the stock were exchanged, compared to its average volume of 697,659. The company has a market capitalization of $611.32 million, a P/E ratio of -5.94 and a beta of 1.28. New York Mortgage Trust has a 52-week low of $5.02 and a 52-week high of $7.27. 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 stock has a 50 day moving average price of $6.18 and a 200-day moving average price of $6.25.

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 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.10. The business 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 net margin of 15.46% and a negative return on equity of 1.39%. Equities research analysts expect that New York Mortgage Trust will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 11.82%. New York Mortgage Trust's payout ratio is -1,333.33%.

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.