NY MTG TR INC/SH (NYMT) Sees Large Decrease in Short Interest

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.

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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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