StockNews.com Downgrades New York Mortgage Trust (NASDAQ:NYMT) to Sell

StockNews.com downgraded shares of New York Mortgage Trust (NASDAQ:NYMT) from a hold rating to a sell rating in a report released on Saturday morning.

Separately, B. Riley lowered their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Stock Up 0.5 %

Shares of NASDAQ NYMT opened at $6.46 on Friday. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. New York Mortgage Trust has a 12-month low of $5.14 and a 12-month high of $7.49. The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.09. The stock has a market capitalization of $585.15 million, a price-to-earnings ratio of -5.67 and a beta of 1.92.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). The company had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. On average, equities research analysts anticipate that New York Mortgage Trust will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 12.38%. New York Mortgage Trust’s dividend payout ratio (DPR) is -70.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NYMT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of New York Mortgage Trust by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 181,363 shares of the real estate investment trust’s stock valued at $1,099,000 after acquiring an additional 24,849 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $454,000. Two Sigma Investments LP raised its holdings in shares of New York Mortgage Trust by 2,225.9% in the fourth quarter. Two Sigma Investments LP now owns 251,406 shares of the real estate investment trust’s stock valued at $1,524,000 after acquiring an additional 240,597 shares in the last quarter. State of Wyoming bought a new stake in shares of New York Mortgage Trust in the 4th quarter valued at about $112,000. Finally, Quantinno Capital Management LP bought a new stake in shares of New York Mortgage Trust in the 4th quarter valued at about $103,000. 54.89% of the stock is currently owned by institutional investors.

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.