NY Mtg Tr Inc/SH (NYMT) Downgraded by ValuEngine

NY Mtg Tr Inc/SH (NASDAQ:NYMT) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other analysts have also weighed in on NYMT. Zacks Investment Research raised shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a report on Friday, June 29th. BidaskClub raised shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Maxim Group reissued a “buy” rating and issued a $6.75 price target (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a report on Friday, August 3rd. Finally, LADENBURG THALM/SH SH lowered shares of NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.44.

Shares of NY Mtg Tr Inc/SH stock traded up $0.01 during midday trading on Wednesday, reaching $5.96. The company had a trading volume of 13,139 shares, compared to its average volume of 1,429,467. The company has a debt-to-equity ratio of 14.47, a current ratio of 86.93 and a quick ratio of 86.93. The firm has a market cap of $832.97 million, a P/E ratio of 9.04 and a beta of 1.11. NY Mtg Tr Inc/SH has a 1-year low of $5.35 and a 1-year high of $6.54.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $17.50 million during the quarter. NY Mtg Tr Inc/SH had a net margin of 24.78% and a return on equity of 17.07%. On average, sell-side analysts expect that NY Mtg Tr Inc/SH will post 0.69 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in shares of NY Mtg Tr Inc/SH by 20.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 939,446 shares of the real estate investment trust’s stock worth $5,571,000 after purchasing an additional 161,974 shares in the last quarter. Northern Trust Corp boosted its position in shares of NY Mtg Tr Inc/SH by 2.0% during the first quarter. Northern Trust Corp now owns 2,102,700 shares of the real estate investment trust’s stock worth $12,470,000 after purchasing an additional 41,634 shares in the last quarter. BlackRock Inc. boosted its position in shares of NY Mtg Tr Inc/SH by 69.4% during the first quarter. BlackRock Inc. now owns 17,137,165 shares of the real estate investment trust’s stock worth $101,623,000 after purchasing an additional 7,019,994 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NY Mtg Tr Inc/SH by 855.0% during the first quarter. JPMorgan Chase & Co. now owns 1,274,637 shares of the real estate investment trust’s stock worth $7,558,000 after purchasing an additional 1,141,164 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of NY Mtg Tr Inc/SH by 553.0% during the first quarter. Great West Life Assurance Co. Can now owns 155,869 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 132,000 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for NY Mtg Tr Inc/SH (NASDAQ:NYMT)

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