New York Mortgage Trust, Inc. (NASDAQ:NYMT) – Investment analysts at B. Riley upped their FY2017 earnings per share (EPS) estimates for New York Mortgage Trust in a research note issued to investors on Tuesday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings per share of $0.55 for the year, up from their prior estimate of $0.53. B. Riley currently has a “Neutral” rating and a $6.25 price objective on the stock. B. Riley also issued estimates for New York Mortgage Trust’s Q4 2017 earnings at $0.13 EPS.

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NYMT has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Monday, August 14th. Barclays PLC raised their price target on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 10th. Finally, Maxim Group restated a “buy” rating and set a $6.50 price target on shares of New York Mortgage Trust in a report on Monday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.35.

New York Mortgage Trust (NASDAQ NYMT) traded up $0.01 during mid-day trading on Wednesday, reaching $6.28. 48,611 shares of the company’s stock were exchanged, compared to its average volume of 954,224. The firm has a market cap of $696.85, a P/E ratio of 11.54 and a beta of 1.36. The company has a debt-to-equity ratio of 13.54, a quick ratio of 74.43 and a current ratio of 74.43. New York Mortgage Trust has a 12 month low of $5.90 and a 12 month high of $7.04.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 25th were given a dividend of $0.20 per share. The ex-dividend date was Friday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.74%. New York Mortgage Trust’s payout ratio is currently 148.15%.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in New York Mortgage Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,684,792 shares of the real estate investment trust’s stock valued at $29,139,000 after buying an additional 169,079 shares during the period. Global X MANAGEMENT CO LLC boosted its position in New York Mortgage Trust by 4.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,780,156 shares of the real estate investment trust’s stock valued at $17,098,000 after buying an additional 105,844 shares during the period. Global X Management Co. LLC boosted its position in New York Mortgage Trust by 7.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,674,312 shares of the real estate investment trust’s stock valued at $16,634,000 after buying an additional 176,188 shares during the period. State Street Corp boosted its position in New York Mortgage Trust by 5.8% in the 2nd quarter. State Street Corp now owns 2,325,571 shares of the real estate investment trust’s stock valued at $14,468,000 after buying an additional 126,981 shares during the period. Finally, Northern Trust Corp boosted its position in New York Mortgage Trust by 4.7% in the 2nd quarter. Northern Trust Corp now owns 2,114,941 shares of the real estate investment trust’s stock valued at $13,155,000 after buying an additional 95,079 shares during the period. 36.19% of the stock is owned by hedge funds and other institutional investors.

About New York Mortgage Trust

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

Earnings History and Estimates for New York Mortgage Trust (NASDAQ:NYMT)

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