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

New York Mortgage Trust logo with Finance background

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.

Check Out Our Latest Stock Report on New York Mortgage Trust

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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