Shares of New York Mortgage Trust Inc. (NASDAQ:NYMT) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.96.

NYMT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods set a $6.80 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reiterated a “sell” rating and issued a $5.50 price objective on shares of New York Mortgage Trust in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Finally, Deutsche Bank AG set a $6.00 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Saturday, August 6th.

Several large investors have recently made changes to their positions in NYMT. BlackRock Fund Advisors increased its stake in shares of New York Mortgage Trust by 22.2% in the second quarter. BlackRock Fund Advisors now owns 5,418,179 shares of the company’s stock worth $33,051,000 after buying an additional 982,913 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of New York Mortgage Trust during the second quarter worth $990,000. Vanguard Group Inc. increased its stake in shares of New York Mortgage Trust by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,938,870 shares of the company’s stock worth $24,027,000 after buying an additional 107,226 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of New York Mortgage Trust by 77.7% in the second quarter. Alliancebernstein L.P. now owns 206,900 shares of the company’s stock worth $1,262,000 after buying an additional 90,500 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of New York Mortgage Trust during the second quarter worth $471,000. 28.22% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust (NASDAQ:NYMT) opened at 5.71 on Friday. The stock has a market cap of $625.64 million, a price-to-earnings ratio of 12.92 and a beta of 1.00. New York Mortgage Trust has a 12-month low of $3.82 and a 12-month high of $6.68. The company’s 50 day moving average price is $5.99 and its 200-day moving average price is $5.81.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.08. New York Mortgage Trust had a return on equity of 8.89% and a net margin of 18.56%. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts forecast that New York Mortgage Trust will post $0.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Monday, September 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.81%. The ex-dividend date is Thursday, September 22nd. New York Mortgage Trust’s dividend payout ratio is presently 218.19%.

About New York Mortgage Trust

New York Mortgage Trust, Inc is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS).

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