BidaskClub upgraded shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) from a hold rating to a buy rating in a research note published on Tuesday.
NYMT has been the subject of a number of other reports. Zacks Investment Research lowered shares of New York Mortgage Trust from a hold rating to a sell rating in a research report on Tuesday. 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 research report on Wednesday, May 10th. Finally, TheStreet lowered shares of New York Mortgage Trust from a c rating to a d+ rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $6.42.
New York Mortgage Trust (NYMT) opened at 6.25 on Tuesday. The company has a market cap of $699.32 million, a PE ratio of 12.25 and a beta of 1.38. The stock has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.31. New York Mortgage Trust has a one year low of $5.65 and a one year high of $7.04.
New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $15.71 million during the quarter, compared to the consensus estimate of $17.42 million. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, equities analysts anticipate that New York Mortgage Trust will post $0.54 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “New York Mortgage Trust, Inc. (NYMT) Upgraded at BidaskClub” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/26/new-york-mortgage-trust-inc-nymt-upgraded-at-bidaskclub.html.
Institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its position in New York Mortgage Trust by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 28,879 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 93 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 218 shares during the period. Wellington Management Group LLP increased its position in New York Mortgage Trust by 1.0% in the first quarter. Wellington Management Group LLP now owns 68,865 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 707 shares during the period. ETRADE Capital Management LLC increased its position in New York Mortgage Trust by 4.2% in the second quarter. ETRADE Capital Management LLC now owns 21,127 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 851 shares during the period. Finally, Prudential Financial Inc. increased its position in New York Mortgage Trust by 0.6% in the second quarter. Prudential Financial Inc. now owns 166,720 shares of the real estate investment trust’s stock valued at $1,037,000 after buying an additional 940 shares during the period. 36.13% of the stock is currently owned by hedge funds and other institutional investors.
New York Mortgage Trust Company Profile
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.
Receive News & Ratings for New York Mortgage Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
