NY MTG TR INC/SH (NASDAQ:NYMT) Stock Passes Above Two Hundred Day Moving Average of $6.15

NY MTG TR INC/SH (NASDAQ:NYMT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.15 and traded as high as $6.04. NY MTG TR INC/SH shares last traded at $6.02, with a volume of 42,547 shares changing hands.

Several research firms recently commented on NYMT. LADENBURG THALM/SH SH upgraded shares of NY MTG TR INC/SH from a “neutral” rating to a “buy” rating in a report on Tuesday, August 6th. Maxim Group set a $7.00 price target on shares of NY MTG TR INC/SH and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of NY MTG TR INC/SH from a “hold” rating to a “strong-buy” rating and set a $7.00 price target on the stock in a report on Wednesday, July 31st. BidaskClub upgraded shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Nomura raised their price target on shares of NY MTG TR INC/SH from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. NY MTG TR INC/SH has a consensus rating of “Buy” and a consensus price target of $6.50.

The company’s fifty day moving average is $6.13 and its 200 day moving average is $6.15. The company has a quick ratio of 116.34, a current ratio of 116.34 and a debt-to-equity ratio of 13.59. The stock has a market cap of $1.58 billion, a PE ratio of 7.01 and a beta of 0.77.

NY MTG TR INC/SH (NASDAQ:NYMT) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). NY MTG TR INC/SH had a net margin of 18.56% and a return on equity of 10.99%. The business had revenue of $25.69 million during the quarter, compared to analysts’ expectations of $32.90 million. Equities analysts expect that NY MTG TR INC/SH will post 0.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.80 annualized dividend and a yield of 13.27%. NY MTG TR INC/SH’s payout ratio is 93.02%.

Several institutional investors and hedge funds have recently bought and sold shares of NYMT. New York State Common Retirement Fund raised its stake in shares of NY MTG TR INC/SH by 14.4% during the first quarter. New York State Common Retirement Fund now owns 155,900 shares of the real estate investment trust’s stock valued at $949,000 after purchasing an additional 19,600 shares during the period. MetLife Investment Advisors LLC raised its stake in shares of NY MTG TR INC/SH by 19.8% during the first quarter. MetLife Investment Advisors LLC now owns 76,110 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 12,593 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of NY MTG TR INC/SH by 15.7% during the first quarter. Metropolitan Life Insurance Co NY now owns 55,040 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 7,465 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of NY MTG TR INC/SH during the second quarter valued at approximately $230,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of NY MTG TR INC/SH by 1,606.2% during the second quarter. Nisa Investment Advisors LLC now owns 135,729 shares of the real estate investment trust’s stock valued at $842,000 after purchasing an additional 127,774 shares during the period. Institutional investors own 44.48% of the company’s stock.

NY MTG TR INC/SH Company Profile (NASDAQ:NYMT)

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

Further Reading: Roth IRA

Receive News & Ratings for NY MTG TR INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NY MTG TR INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.