FBR & Co began coverage on shares of New York Mortgage Trust Inc. (NASDAQ:NYMT) in a report published on Monday morning. The brokerage issued a market perform rating and a $6.25 price target on the stock.

A number of other research analysts have also commented on NYMT. Deutsche Bank AG set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a hold rating in a research note on Saturday, August 6th. Zacks Investment Research upgraded shares of New York Mortgage Trust from a sell rating to a hold rating in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods set a $6.80 price target on shares of New York Mortgage Trust and gave the stock a hold rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG restated a sell rating and issued a $5.50 price target on shares of New York Mortgage Trust in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. New York Mortgage Trust has an average rating of Hold and an average target price of $6.01.

Analyst Recommendations for New York Mortgage Trust (NASDAQ:NYMT)

Shares of New York Mortgage Trust (NASDAQ:NYMT) traded down 0.69% on Monday, hitting $5.76. The company’s stock had a trading volume of 49,920 shares. The company has a market cap of $631.12 million, a price-to-earnings ratio of 13.03 and a beta of 0.99. The stock’s 50 day moving average is $5.99 and its 200-day moving average is $5.84. New York Mortgage Trust has a 52 week low of $3.82 and a 52 week high of $6.68.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.08. New York Mortgage Trust had a net margin of 18.56% and a return on equity of 8.89%. During the same quarter last year, the business posted $0.20 EPS. On average, equities research analysts anticipate that New York Mortgage Trust will post $0.90 earnings per share 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 16.55%. The ex-dividend date is Thursday, September 22nd. New York Mortgage Trust’s payout ratio is presently 218.19%.

Several large investors have recently added to or reduced their stakes in NYMT. California Public Employees Retirement System raised its stake in New York Mortgage Trust by 9.0% in the second quarter. California Public Employees Retirement System now owns 427,700 shares of the company’s stock valued at $2,609,000 after buying an additional 35,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of New York Mortgage Trust by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,194,887 shares of the company’s stock valued at $15,144,000 after buying an additional 70,243 shares during the period. Goldman Sachs Group Inc. increased its position in shares of New York Mortgage Trust by 36.8% in the first quarter. Goldman Sachs Group Inc. now owns 223,129 shares of the company’s stock valued at $1,058,000 after buying an additional 60,046 shares during the period. Bank of New York Mellon Corp increased its position in shares of New York Mortgage Trust by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 434,024 shares of the company’s stock valued at $2,648,000 after buying an additional 10,754 shares during the period. Finally, Global X Management Co. LLC increased its position in shares of New York Mortgage Trust by 5.0% in the second quarter. Global X Management Co. LLC now owns 1,412,937 shares of the company’s stock valued at $8,619,000 after buying an additional 66,864 shares during the period. 28.22% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Company Profile

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).

5 Day Chart for NASDAQ:NYMT

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