New York Mortgage Trust, Inc. (NASDAQ:NYMT) saw a large increase in short interest in the month of September. As of September 29th, there was short interest totalling 11,792,111 shares, an increase of 11.1% from the September 15th total of 10,612,489 shares. Approximately 10.7% of the shares of the stock are sold short. Based on an average trading volume of 987,043 shares, the short-interest ratio is currently 11.9 days.

A number of equities research analysts have recently issued reports on NYMT shares. Zacks Investment Research upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet downgraded shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research report on Friday, August 4th. 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 research report on Monday, August 14th. Finally, Barclays PLC lifted their price target on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.33.

Hedge funds have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC lifted its stake in New York Mortgage Trust by 20.2% during the second quarter. Great Lakes Advisors LLC now owns 231,588 shares of the real estate investment trust’s stock valued at $1,440,000 after purchasing an additional 38,957 shares during the last quarter. Menta Capital LLC acquired a new stake in New York Mortgage Trust during the first quarter valued at approximately $560,000. Wells Fargo & Company MN lifted its stake in New York Mortgage Trust by 8.4% during the first quarter. Wells Fargo & Company MN now owns 102,423 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 7,947 shares during the last quarter. Caxton Associates LP acquired a new stake in New York Mortgage Trust during the first quarter valued at approximately $434,000. Finally, Bank of New York Mellon Corp lifted its stake in New York Mortgage Trust by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 555,126 shares of the real estate investment trust’s stock valued at $3,452,000 after purchasing an additional 19,728 shares during the last quarter. 36.11% of the stock is owned by institutional investors and hedge funds.

Shares of New York Mortgage Trust (NASDAQ NYMT) opened at 6.23 on Thursday. New York Mortgage Trust has a 52-week low of $5.72 and a 52-week high of $7.04. The stock’s 50 day moving average is $6.25 and its 200-day moving average is $6.27. The firm has a market capitalization of $697.08 million, a P/E ratio of 12.22 and a beta of 1.37.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $15.71 million during the quarter, compared to analyst estimates of $17.42 million. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The company’s revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities analysts forecast that New York Mortgage Trust will post $0.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 25th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date is Friday, September 22nd. New York Mortgage Trust’s dividend payout ratio is currently 156.87%.

ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/12/new-york-mortgage-trust-inc-nymt-short-interest-up-11-1-in-september.html.

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.

Receive News & Ratings for New York Mortgage Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.