New York Mortgage Trust (NASDAQ:NYMT) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of New York Mortgage Trust (NASDAQ:NYMT) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Separately, B. Riley lowered their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Stock Performance

NYMT opened at $6.12 on Wednesday. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The company’s fifty day moving average price is $6.06 and its two-hundred day moving average price is $6.11. New York Mortgage Trust has a 1-year low of $5.14 and a 1-year high of $7.68. The company has a market cap of $554.35 million, a price-to-earnings ratio of -18.55 and a beta of 1.92.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 13.07%. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

Institutional Trading of New York Mortgage Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of New York Mortgage Trust by 347.4% in the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock valued at $955,000 after purchasing an additional 117,206 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of New York Mortgage Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after purchasing an additional 10,017 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of New York Mortgage Trust by 91.5% in the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 19,165 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of New York Mortgage Trust by 17.5% in the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 24,430 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at about $83,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Company Profile

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.