News coverage about New York Mortgage Trust (NASDAQ:NYMT) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New York Mortgage Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7602506722727 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of New York Mortgage Trust (NYMT) opened at $6.23 on Friday. The company has a market cap of $692.38, a P/E ratio of 11.54 and a beta of 1.37. The company has a debt-to-equity ratio of 13.26, a current ratio of 71.04 and a quick ratio of 71.04. New York Mortgage Trust has a 12 month low of $5.90 and a 12 month high of $6.85.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Monday, December 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.84%. The ex-dividend date is Friday, December 15th. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 148.15%.

A number of analysts have recently weighed in on NYMT shares. Zacks Investment Research upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Sunday, November 12th. TheStreet upgraded shares of New York Mortgage Trust from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. B. Riley reiterated a “neutral” rating and issued a $6.25 target price on shares of New York Mortgage Trust in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $6.35.

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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.

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