Several brokerages have updated their recommendations and price targets on shares of New York Mortgage Trust (NASDAQ: NYMT) in the last few weeks:

  • 11/12/2017 – New York Mortgage Trust was given a new $6.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 11/8/2017 – New York Mortgage Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.00 price target on the stock. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 11/7/2017 – New York Mortgage Trust had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $6.25 price target on the stock.
  • 11/6/2017 – New York Mortgage Trust had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $6.50 price target on the stock. They wrote, “NYMT reported 3Q17 comprehensive income of $0.23, versus its dividend of $0.20 per share, so book value was up 0.5%, to $6.05.””
  • 11/2/2017 – New York Mortgage Trust was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 10/18/2017 – New York Mortgage Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 10/11/2017 – New York Mortgage Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. “
  • 10/10/2017 – New York Mortgage Trust had its price target raised by analysts at Barclays PLC from $5.00 to $6.00. They now have an “equal weight” rating on the stock.

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) opened at $6.30 on Wednesday. The company has a debt-to-equity ratio of 13.26, a quick ratio of 71.04 and a current ratio of 71.04. New York Mortgage Trust, Inc. has a 52 week low of $5.90 and a 52 week high of $7.04. The stock has a market cap of $701.41, a P/E ratio of 11.48 and a beta of 1.36.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 12.70%. New York Mortgage Trust’s dividend payout ratio is currently 160.00%.

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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