BidaskClub upgraded shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

A number of other brokerages have also weighed in on NYMT. LADENBURG THALM/SH SH lowered shares of NY Mtg Tr Inc/SH from a buy rating to a neutral rating in a research report on Monday, August 6th. Zacks Investment Research upgraded shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a research report on Wednesday, July 25th. Maxim Group restated a buy rating and issued a $6.75 target price (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a research report on Friday, August 3rd. Finally, ValuEngine upgraded shares of NY Mtg Tr Inc/SH from a sell rating to a hold rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently 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 mid-day trading on Friday, reaching $5.83. The company 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 fifty-two week low of $5.35 and a fifty-two week high of $6.54. 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 capitalization of $845.49 million, a P/E ratio of 8.83 and a beta of 1.11.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last issued its 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. 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 for the quarter. On average, analysts expect that NY Mtg Tr Inc/SH will post 0.24 earnings per share for the current year.

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

Several large investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of NY Mtg Tr Inc/SH by 3.6% during the second quarter. Rhumbline Advisers now owns 267,801 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 9,306 shares during the period. LPL Financial LLC lifted its holdings in shares of NY Mtg Tr Inc/SH by 119.8% during the first quarter. LPL Financial LLC now owns 22,484 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 12,255 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of NY Mtg Tr Inc/SH by 5.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 285,310 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 13,710 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NY Mtg Tr Inc/SH by 3.3% during the second quarter. Van ECK Associates Corp now owns 575,232 shares of the real estate investment trust’s stock worth $3,457,000 after purchasing an additional 18,423 shares during the period. Finally, Element Capital Management LLC acquired a new position in shares of NY Mtg Tr Inc/SH during the first quarter worth $113,000. Institutional investors own 44.89% of the company’s stock.

About NY Mtg Tr Inc/SH

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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