Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Rises By 17.0%

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

New York Mortgage Trust Trading Up 0.6%

NYMT traded up $0.04 during trading on Wednesday, reaching $6.59. The company had a trading volume of 424,928 shares, compared to its average volume of 696,036. The firm's 50-day simple moving average is $6.17 and its 200 day simple moving average is $6.23. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The company has a market cap of $595.06 million, a price-to-earnings ratio of -5.78 and a beta of 1.24. New York Mortgage Trust has a 12-month low of $5.02 and a 12-month high of $7.27.

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 for the quarter, topping the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The business had revenue of $33.10 million for the quarter, compared to the consensus estimate of $27.84 million. Equities research analysts anticipate that New York Mortgage Trust will post 0.51 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.14%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust's dividend payout ratio (DPR) is currently -1,333.33%.

Institutional Trading of New York Mortgage Trust

A number of hedge funds have recently modified their holdings of NYMT. Invesco Ltd. raised its position in New York Mortgage Trust by 20.3% during the fourth quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust's stock valued at $19,437,000 after buying an additional 542,002 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in New York Mortgage Trust by 32.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,860,410 shares of the real estate investment trust's stock valued at $12,074,000 after acquiring an additional 450,501 shares in the last quarter. Jane Street Group LLC grew its stake in New York Mortgage Trust by 191.6% during the 4th quarter. Jane Street Group LLC now owns 479,428 shares of the real estate investment trust's stock valued at $2,905,000 after acquiring an additional 315,040 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of New York Mortgage Trust by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock valued at $38,918,000 after purchasing an additional 264,334 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of New York Mortgage Trust by 2,225.9% in the fourth quarter. Two Sigma Investments LP now owns 251,406 shares of the real estate investment trust's stock worth $1,524,000 after purchasing an additional 240,597 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NYMT shares. 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. Jones Trading reissued a "buy" rating and set a $7.50 target price on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Finally, B. Riley lifted their price target on shares of 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.

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.

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