Raymond James started coverage on shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) in a report released on Friday morning. The brokerage issued a market perform rating on the real estate investment trust’s stock.

A number of other research firms have also commented on NYMT. Zacks Investment Research raised shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a research note on Thursday, September 6th. Maxim Group reaffirmed a buy rating and issued a $6.75 price objective (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a research note on Friday, August 3rd. LADENBURG THALM/SH SH lowered shares of NY Mtg Tr Inc/SH from a buy rating to a neutral rating in a research note on Monday, August 6th. BidaskClub lowered shares of NY Mtg Tr Inc/SH from a hold rating to a sell rating in a research note on Saturday, September 15th. Finally, ValuEngine raised shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a research note on Thursday, July 5th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $6.44.

NY Mtg Tr Inc/SH stock traded down $0.07 during midday trading on Friday, reaching $5.83. The stock had a trading volume of 1,407,626 shares, compared to its average volume of 1,458,731. NY Mtg Tr Inc/SH has a twelve month low of $5.35 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 14.47, a quick ratio of 86.93 and a current ratio of 86.93. The firm has a market capitalization of $845.49 million, a price-to-earnings ratio of 8.83 and a beta of 1.11.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. NY Mtg Tr Inc/SH had a net margin of 24.78% and a return on equity of 17.07%. The firm had revenue of $17.50 million during the quarter. Equities analysts forecast that NY Mtg Tr Inc/SH will post 0.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Thursday, September 27th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date of this dividend is Wednesday, September 26th. NY Mtg Tr Inc/SH’s dividend payout ratio (DPR) is currently 121.21%.

Several large investors have recently modified their holdings of NYMT. BlackRock Inc. boosted its stake in shares of NY Mtg Tr Inc/SH by 69.4% during the 1st quarter. BlackRock Inc. now owns 17,137,165 shares of the real estate investment trust’s stock valued at $101,623,000 after buying an additional 7,019,994 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NY Mtg Tr Inc/SH by 855.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,274,637 shares of the real estate investment trust’s stock valued at $7,558,000 after buying an additional 1,141,164 shares during the period. Principal Financial Group Inc. boosted its stake in shares of NY Mtg Tr Inc/SH by 5,434.8% during the 1st quarter. Principal Financial Group Inc. now owns 873,554 shares of the real estate investment trust’s stock valued at $5,181,000 after buying an additional 857,771 shares during the period. Legal & General Group Plc boosted its stake in shares of NY Mtg Tr Inc/SH by 628.2% during the 1st quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock valued at $1,238,000 after buying an additional 180,633 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of NY Mtg Tr Inc/SH by 373.0% during the 1st quarter. Guggenheim Capital LLC now owns 221,959 shares of the real estate investment trust’s stock valued at $1,317,000 after buying an additional 175,032 shares during the period. 44.89% of the stock is owned by 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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