New York Mortgage Trust, Inc. (NASDAQ:NYMT) Sees Large Growth in Short Interest

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 31st, there was short interest totalling 2,630,000 shares, a growth of 23.5% from the May 15th total of 2,130,000 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 771,100 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

NYMT has been the topic of a number of research reports. Wall Street Zen raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Jones Trading reaffirmed a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Finally, B. Riley raised their price target 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.

New York Mortgage Trust Price Performance

NYMT traded down $0.04 during trading on Friday, reaching $6.68. The company's stock had a trading volume of 2,132,443 shares, compared to its average volume of 703,336. The company has a quick ratio of 11.43, a current ratio of 11.43 and a debt-to-equity ratio of 9.15. The firm has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.30. New York Mortgage Trust has a 1 year low of $5.02 and a 1 year high of $7.27. The company has a market cap of $603.20 million, a price-to-earnings ratio of -111.33 and a beta of 1.28.

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 analysts' consensus estimates of $0.10 by $0.10. New York Mortgage Trust had a net margin of 8.50% and a return on equity of 2.51%. The business had revenue of $33.10 million for the quarter, compared to analyst estimates of $27.84 million. As a group, analysts anticipate that New York Mortgage Trust will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.98%. New York Mortgage Trust's dividend payout ratio is currently -1,333.33%.

Institutional Trading of New York Mortgage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of New York Mortgage Trust during the 1st quarter worth approximately $106,000. Caxton Associates LLP acquired a new stake in New York Mortgage Trust in the 1st quarter valued at approximately $432,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in New York Mortgage Trust by 32.0% in 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 purchasing an additional 450,501 shares during the last quarter. AQR Capital Management LLC increased its holdings in New York Mortgage Trust by 110.7% in the 1st quarter. AQR Capital Management LLC now owns 28,365 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 14,901 shares during the last quarter. Finally, Graham Capital Management L.P. increased its holdings in New York Mortgage Trust by 23.6% in the 1st quarter. Graham Capital Management L.P. now owns 113,402 shares of the real estate investment trust's stock valued at $736,000 after purchasing an additional 21,633 shares during the last quarter. Institutional investors and hedge funds own 54.89% of the company's stock.

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.