Mortgage Trust logo” title=”New York Mortgage Trust logo” class=”companylogo”/>New York Mortgage Trust, Inc. (NASDAQ:NYMT) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.08.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 14th. BTIG Research initiated coverage on shares of New York Mortgage Trust in a report on Monday, November 23rd. They set a “neutral” rating for the company. BidaskClub lowered shares of New York Mortgage Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, December 18th. Maxim Group raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Wednesday, November 11th. Finally, Raymond James reissued a “hold” rating on shares of New York Mortgage Trust in a report on Wednesday, September 16th.
Shares of NYMT stock opened at $3.69 on Friday. The company’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $2.87. New York Mortgage Trust has a 52 week low of $0.98 and a 52 week high of $6.41. The company has a current ratio of 45.25, a quick ratio of 45.25 and a debt-to-equity ratio of 1.31. The company has a market cap of $1.39 billion, a PE ratio of -3.69 and a beta of 2.00.
New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. Equities research analysts expect that New York Mortgage Trust will post -1.29 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new stake in New York Mortgage Trust in the 3rd quarter valued at about $26,000. Conning Inc. bought a new stake in New York Mortgage Trust in the 3rd quarter valued at about $27,000. Mercer Global Advisors Inc. ADV bought a new stake in New York Mortgage Trust in the 3rd quarter valued at about $32,000. Advisor Partners LLC bought a new stake in New York Mortgage Trust in the 3rd quarter valued at about $41,000. Finally, Teacher Retirement System of Texas lifted its position in New York Mortgage Trust by 73.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 21,729 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 9,205 shares during the last quarter. Hedge funds and other institutional investors own 50.09% of the company’s stock.
About New York Mortgage Trust
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non-qualified mortgage loans, second mortgages, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, and credit-related assets.
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