NY MTG TR INC/SH (NASDAQ:NYMT) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.38.
NYMT has been the topic of several recent analyst reports. Zacks Investment Research raised NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. BidaskClub cut NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. ValuEngine raised NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Maxim Group reissued a “buy” rating and issued a $6.75 target price on shares of NY MTG TR INC/SH in a research note on Tuesday, November 6th. Finally, Raymond James initiated coverage on NY MTG TR INC/SH in a research note on Friday, October 12th. They issued a “market perform” rating on the stock.
Get NY MTG TR INC/SH alerts:Several hedge funds and other institutional investors have recently bought and sold shares of NYMT. Bank of New York Mellon Corp grew its stake in shares of NY MTG TR INC/SH by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 1,570,469 shares of the real estate investment trust’s stock worth $9,549,000 after purchasing an additional 305,262 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of NY MTG TR INC/SH in the fourth quarter worth about $1,234,000. Sterling Capital Management LLC bought a new stake in shares of NY MTG TR INC/SH in the third quarter worth about $969,000. Bramshill Investments LLC bought a new stake in shares of NY MTG TR INC/SH in the third quarter worth about $840,000. Finally, Rhumbline Advisers lifted its holdings in NY MTG TR INC/SH by 35.6% in the fourth quarter. Rhumbline Advisers now owns 432,601 shares of the real estate investment trust’s stock worth $2,548,000 after buying an additional 113,506 shares during the period. 47.64% of the stock is currently owned by institutional investors.
Shares of NASDAQ:NYMT opened at $6.32 on Friday. NY MTG TR INC/SH has a 12-month low of $5.35 and a 12-month high of $6.54. The stock has a market cap of $970.33 million, a PE ratio of 9.58 and a beta of 0.86. The company has a current ratio of 88.96, a quick ratio of 88.95 and a debt-to-equity ratio of 13.55.
NY MTG TR INC/SH (NASDAQ:NYMT) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $17.10 million. NY MTG TR INC/SH had a return on equity of 17.13% and a net margin of 25.07%. As a group, analysts anticipate that NY MTG TR INC/SH will post 0.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, December 14th were paid a $0.20 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 12.66%. NY MTG TR INC/SH’s payout ratio is presently 121.21%.
NY MTG TR INC/SH Company Profile
New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.
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