NY MTG TR INC/SH (NASDAQ:NYMT) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 15,585,292 shares, a decline of 13.8% from the October 31st total of 18,079,711 shares. Approximately 11.3% of the company’s shares are short sold. Based on an average daily trading volume, of 3,530,362 shares, the days-to-cover ratio is presently 4.4 days.
Several large investors have recently added to or reduced their stakes in NYMT. Crossmark Global Holdings Inc. bought a new position in shares of NY MTG TR INC/SH during the 3rd quarter valued at about $137,000. Russell Investments Group Ltd. bought a new position in shares of NY MTG TR INC/SH during the 3rd quarter valued at about $258,000. SG Americas Securities LLC lifted its holdings in shares of NY MTG TR INC/SH by 174.3% during the 2nd quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 30,128 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in NY MTG TR INC/SH by 58.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 53,512 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 19,666 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in NY MTG TR INC/SH in the 2nd quarter valued at approximately $369,000. Institutional investors and hedge funds own 52.25% of the company’s stock.
NASDAQ:NYMT opened at $6.21 on Friday. NY MTG TR INC/SH has a fifty-two week low of $5.35 and a fifty-two week high of $6.54. The company has a current ratio of 88.96, a quick ratio of 88.95 and a debt-to-equity ratio of 13.55. The stock has a market cap of $861.41 million, a PE ratio of 9.41 and a beta of 1.00.
NY MTG TR INC/SH (NASDAQ:NYMT) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. NY MTG TR INC/SH had a return on equity of 17.13% and a net margin of 25.07%. The business had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $17.10 million. As a group, equities analysts expect that NY MTG TR INC/SH will post 0.79 EPS for the current fiscal year.
NYMT has been the subject of several analyst reports. LADENBURG THALM/SH SH lowered NY MTG TR INC/SH from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. BidaskClub upgraded NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a research report on Saturday, October 27th. Maxim Group restated a “buy” rating and set a $6.75 target price on shares of NY MTG TR INC/SH in a research report on Tuesday, November 6th. ValuEngine cut NY MTG TR INC/SH from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.38.
COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/11/30/ny-mtg-tr-inc-sh-nymt-sees-large-decrease-in-short-interest.html.
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.
See Also: What is a Reverse Stock Split?
Receive News & Ratings for NY MTG TR INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NY MTG TR INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.