Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Rises By 23.5%

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,630,000 shares, an increase of 23.5% from the May 15th total of 2,130,000 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average trading volume of 771,100 shares, the short-interest ratio is currently 3.4 days.

Analysts Set New Price Targets

A number of equities analysts have commented on NYMT shares. Jones Trading restated a "buy" rating and set a $7.50 price objective on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Wall Street Zen upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, B. Riley raised their price target on New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, May 2nd.

New York Mortgage Trust Stock Up 1.1%

Shares of NASDAQ:NYMT traded up $0.07 during trading on Wednesday, hitting $6.72. The company's stock had a trading volume of 773,271 shares, compared to its average volume of 698,273. The business has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $6.28. The company has a market capitalization of $606.82 million, a PE ratio of -112.00 and a beta of 1.28. The company has a debt-to-equity ratio of 9.15, a quick ratio of 11.43 and a current ratio of 11.43. New York Mortgage Trust has a fifty-two week low of $5.02 and a fifty-two week high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. The business had revenue of $33.10 million during the quarter, compared to analysts' expectations of $27.84 million. New York Mortgage Trust had a net margin of 8.50% and a return on equity of 2.51%. As a group, research analysts expect that New York Mortgage Trust will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.80 annualized dividend and a dividend yield of 11.90%. New York Mortgage Trust's dividend payout ratio is presently -1,333.33%.

Institutional Trading of New York Mortgage Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of New York Mortgage Trust by 4.3% during 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 buying an additional 264,334 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of New York Mortgage Trust by 3.8% during 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 buying an additional 138,835 shares during the last quarter. Invesco Ltd. grew its position in shares of New York Mortgage Trust by 20.3% during the 4th 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 buying an additional 450,501 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in New York Mortgage Trust by 9.8% in the 1st 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 last quarter. 54.89% of the stock is owned by hedge funds and other institutional investors.

About New York Mortgage Trust

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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