New York Mortgage Trust, Inc. (NASDAQ:NYMT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

New York Mortgage Trust, Inc. (NASDAQ:NYMT) has earned an average recommendation of “Moderate Buy” from the four ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.38.

NYMT has been the subject of several recent research reports. Jones Trading reaffirmed a “buy” rating and set a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. Finally, B. Riley increased their target price on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd.

New York Mortgage Trust Price Performance

NASDAQ:NYMT opened at $6.44 on Friday. The firm’s fifty day moving average is $6.21 and its two-hundred day moving average is $6.09. The firm has a market cap of $581.52 million, a price-to-earnings ratio of -5.65 and a beta of 1.24. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. New York Mortgage Trust has a one year low of $5.02 and a one year high of $7.11.

New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The firm had revenue of $33.10 million for the quarter, compared to analyst estimates of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. Research analysts expect that New York Mortgage Trust will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio is presently -1,333.33%.

Institutional Trading of New York Mortgage Trust

Several institutional investors have recently modified their holdings of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in New York Mortgage Trust during the 4th quarter worth approximately $49,000. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust in the 3rd quarter valued at $62,000. Caxton Associates LP purchased a new position in New York Mortgage Trust in the 4th quarter valued at $69,000. Tower Research Capital LLC TRC boosted its stake in New York Mortgage Trust by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $80,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.