Analysts Set NY MTG TR INC/SH (NASDAQ:NYMT) Target Price at $5.06

Shares of NY MTG TR INC/SH (NASDAQ:NYMT) have earned an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.06.

Several brokerages have recently commented on NYMT. Zacks Investment Research raised NY MTG TR INC/SH from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 9th. Credit Suisse Group raised shares of NY MTG TR INC/SH from an “underperform” rating to a “neutral” rating in a research note on Friday, April 24th. Nomura reaffirmed a “buy” rating and set a $4.50 price target on shares of NY MTG TR INC/SH in a research note on Thursday, April 30th. ValuEngine raised shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, BidaskClub cut shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, July 7th.

Institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. acquired a new stake in NY MTG TR INC/SH during the fourth quarter worth about $194,000. Mercer Global Advisors Inc. ADV raised its position in NY MTG TR INC/SH by 29.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,389 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 6,273 shares during the period. Amalgamated Bank raised its position in NY MTG TR INC/SH by 28.8% during the fourth quarter. Amalgamated Bank now owns 41,613 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 9,302 shares during the period. Van ECK Associates Corp raised its position in NY MTG TR INC/SH by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 1,351,105 shares of the real estate investment trust’s stock valued at $8,417,000 after buying an additional 229,237 shares during the period. Finally, Bank of New York Mellon Corp increased its position in NY MTG TR INC/SH by 13.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,208,835 shares of the real estate investment trust’s stock worth $19,992,000 after purchasing an additional 373,799 shares during the last quarter. Institutional investors and hedge funds own 53.19% of the company’s stock.

NYMT stock opened at $2.35 on Friday. The company has a market capitalization of $887.03 million, a PE ratio of -1.84 and a beta of 1.93. The company’s fifty day moving average price is $2.55 and its 200-day moving average price is $3.78. The company has a debt-to-equity ratio of 1.79, a quick ratio of 92.36 and a current ratio of 92.36. NY MTG TR INC/SH has a one year low of $0.98 and a one year high of $6.47.

NY MTG TR INC/SH (NASDAQ:NYMT) last issued its quarterly earnings data on Thursday, May 21st. The real estate investment trust reported ($1.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.73). NY MTG TR INC/SH had a negative return on equity of 30.87% and a net margin of 23.67%. The business had revenue of $47.08 million during the quarter, compared to the consensus estimate of $46.50 million. On average, research analysts predict that NY MTG TR INC/SH will post -1.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 8.51%. NY MTG TR INC/SH’s payout ratio is currently 31.25%.

NY MTG TR INC/SH Company Profile

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.

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Analyst Recommendations for NY MTG TR INC/SH (NASDAQ:NYMT)

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