New York Mortgage Trust Inc (NYMT) Given Consensus Rating of “Hold” by Brokerages

New York Mortgage Trust Inc (NASDAQ:NYMT) has received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.19.

A number of equities research analysts have recently commented on NYMT shares. Zacks Investment Research raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, November 8th. Maxim Group reaffirmed a “buy” rating and issued a $6.50 price objective on shares of New York Mortgage Trust in a research note on Monday, November 6th. TheStreet raised shares of New York Mortgage Trust from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. Keefe, Bruyette & Woods 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 Sunday, November 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $6.25 price objective on shares of New York Mortgage Trust in a research note on Tuesday, November 7th.

Shares of New York Mortgage Trust (NYMT) opened at $5.72 on Friday. 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 $5.35 and a 12 month high of $6.69. The company has a market cap of $626.38, a price-to-earnings ratio of 10.59 and a beta of 1.18.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Monday, December 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.99%. The ex-dividend date was Friday, December 15th. New York Mortgage Trust’s dividend payout ratio is presently 148.15%.

A number of hedge funds and other institutional investors have recently modified their holdings of NYMT. Wells Fargo & Company MN boosted its stake in New York Mortgage Trust by 15.5% during the second quarter. Wells Fargo & Company MN now owns 118,301 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 15,878 shares in the last quarter. Teachers Advisors LLC boosted its stake in New York Mortgage Trust by 6.9% during the second quarter. Teachers Advisors LLC now owns 198,625 shares of the real estate investment trust’s stock worth $1,235,000 after acquiring an additional 12,879 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in New York Mortgage Trust by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 291,307 shares of the real estate investment trust’s stock worth $1,812,000 after acquiring an additional 3,727 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in New York Mortgage Trust by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 28,879 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 93 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in New York Mortgage Trust by 4.7% during the second quarter. Northern Trust Corp now owns 2,114,941 shares of the real estate investment trust’s stock worth $13,155,000 after acquiring an additional 95,079 shares in the last quarter. 37.99% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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