New York Mortgage Trust Inc (NASDAQ:NYMT) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.13.

Several research firms recently weighed in on NYMT. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Ladenburg Thalmann Financial Services downgraded shares of New York Mortgage Trust from a “buy” rating to a “neutral” rating in a report on Friday, March 24th. Finally, Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the company a “hold” rating in a report on Wednesday, May 10th.

Shares of New York Mortgage Trust (NASDAQ:NYMT) opened at 6.12 on Tuesday. The stock has a 50 day moving average of $6.25 and a 200 day moving average of $6.42. The firm has a market cap of $684.48 million, a PE ratio of 11.95 and a beta of 1.28. New York Mortgage Trust has a 1-year low of $5.45 and a 1-year high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. The company had revenue of $13.92 million during the quarter, compared to analyst estimates of $19.49 million. New York Mortgage Trust had a return on equity of 8.27% and a net margin of 18.01%. During the same period in the previous year, the company earned $0.13 EPS. Equities research analysts anticipate that New York Mortgage Trust will post $0.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Monday, March 27th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date of this dividend was Thursday, March 23rd. New York Mortgage Trust’s payout ratio is 228.58%.

A number of large investors have recently modified their holdings of the stock. Systematic Financial Management LP acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth $1,700,000. Van ECK Associates Corp increased its stake in shares of New York Mortgage Trust by 1.3% in the fourth quarter. Van ECK Associates Corp now owns 430,207 shares of the real estate investment trust’s stock worth $2,839,000 after buying an additional 5,538 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of New York Mortgage Trust by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,255 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 1,000 shares during the last quarter. State Street Corp increased its stake in shares of New York Mortgage Trust by 7.7% in the fourth quarter. State Street Corp now owns 2,164,690 shares of the real estate investment trust’s stock worth $14,284,000 after buying an additional 153,943 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of New York Mortgage Trust by 96.6% in the third quarter. Cetera Advisor Networks LLC now owns 77,350 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 38,009 shares during the last quarter. 29.83% of the stock is owned by institutional investors.

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New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

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