Shares of New York Mortgage Trust Inc. (NASDAQ:NYMT) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.96.

NYMT has been the subject of several analyst reports. Keefe, Bruyette & Woods set a $6.80 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a research note on Tuesday, August 9th. FBR & Co reaffirmed a “hold” rating on shares of New York Mortgage Trust in a research note on Thursday, November 3rd. Credit Suisse Group AG reiterated a “sell” rating and issued a $5.50 target price on shares of New York Mortgage Trust in a report on Wednesday, August 3rd. Deutsche Bank AG set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Saturday, August 6th. Finally, Zacks Investment Research upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC increased its position in New York Mortgage Trust by 96.6% in the third quarter. Cetera Advisor Networks LLC now owns 77,350 shares of the company’s stock valued at $466,000 after buying an additional 38,009 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in New York Mortgage Trust during the third quarter valued at about $453,000. UBS Group AG increased its position in New York Mortgage Trust by 9.4% in the third quarter. UBS Group AG now owns 2,820,371 shares of the company’s stock valued at $16,979,000 after buying an additional 242,913 shares during the last quarter. Susquehanna International Group LLP increased its position in New York Mortgage Trust by 17.5% in the third quarter. Susquehanna International Group LLP now owns 284,978 shares of the company’s stock valued at $1,715,000 after buying an additional 42,454 shares during the last quarter. Finally, Morgan Stanley increased its position in New York Mortgage Trust by 21.7% in the third quarter. Morgan Stanley now owns 42,315 shares of the company’s stock valued at $255,000 after buying an additional 7,546 shares during the last quarter. Institutional investors own 29.09% of the company’s stock.

New York Mortgage Trust (NASDAQ:NYMT) opened at 6.50 on Friday. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. New York Mortgage Trust has a 12 month low of $3.82 and a 12 month high of $6.68.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Monday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.96 annualized dividend and a dividend yield of 14.77%. New York Mortgage Trust’s payout ratio is 228.58%.

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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