NY Mtg Tr Inc/SH (NYMT) Lowered to “Hold” at BidaskClub

NY Mtg Tr Inc/SH (NASDAQ:NYMT) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other brokerages have also recently issued reports on NYMT. Zacks Investment Research upgraded shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Maxim Group restated a “buy” rating and issued a $6.75 price objective (up previously from $6.25) on shares of NY Mtg Tr Inc/SH in a research note on Friday, August 3rd. LADENBURG THALM/SH SH cut shares of NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. Finally, ValuEngine cut shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.44.

Shares of NYMT stock traded down $0.22 during mid-day trading on Thursday, reaching $6.07. The company’s stock had a trading volume of 17,022,908 shares, compared to its average volume of 1,521,814. NY Mtg Tr Inc/SH has a 1-year low of $5.35 and a 1-year high of $6.54. The stock has a market cap of $877.47 million, a price-to-earnings ratio of 9.20 and a beta of 1.00. The company has a debt-to-equity ratio of 13.55, a quick ratio of 86.93 and a current ratio of 88.96.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. NY Mtg Tr Inc/SH had a net margin of 25.07% and a return on equity of 17.13%. The company had revenue of $19.60 million during the quarter, compared to analysts’ expectations of $17.10 million. On average, sell-side analysts predict that NY Mtg Tr Inc/SH will post 0.69 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in NYMT. Legal & General Group Plc raised its stake in shares of NY Mtg Tr Inc/SH by 628.2% in the 1st quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock valued at $1,238,000 after buying an additional 180,633 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of NY Mtg Tr Inc/SH by 373.0% in the 1st quarter. Guggenheim Capital LLC now owns 221,959 shares of the real estate investment trust’s stock worth $1,317,000 after purchasing an additional 175,032 shares during the last quarter. Sterling Capital Management LLC bought a new stake in shares of NY Mtg Tr Inc/SH in the 3rd quarter worth about $969,000. Advisors Preferred LLC bought a new stake in shares of NY Mtg Tr Inc/SH in the 3rd quarter worth about $647,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NY Mtg Tr Inc/SH in the 2nd quarter worth about $369,000. Institutional investors own 45.00% of the company’s stock.

About NY Mtg Tr Inc/SH

New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.

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Analyst Recommendations for NY Mtg Tr Inc/SH (NASDAQ:NYMT)

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