Dog Do Right
Related Articles
New York Mortgage Trust, Inc. (NASDAQ: NYMT – Get an assessment) was the target of a significant decline in short interest in June. As of June 15, there was short interest totaling 7,840,000 shares, down 20.2% from the May 31 total of 9,820,000 shares. Based on an average daily trading volume of 4,340,000 shares, the short interest ratio is currently 1.8 days. Currently, 4.6% of the company’s shares are sold short.
New York Mortgage Trust shares opened at $2.84 on Monday. The company has a fifty-day moving average of $2.93 and a two-hundred-day moving average of $3.39. The company has a debt ratio of 1.73, a quick ratio of 4.03 and a current ratio of 4.03. The company has a market capitalization of $1.08 billion, a P/E ratio of 56.80, a PEG ratio of 11.56 and a beta of 1.71. New York Mortgage Trust has a one-year minimum of $2.24 and a one-year maximum of $4.56.
New York Mortgage Trust (NASDAQ: NYMT – Get an assessment) last announced its quarterly results on Tuesday, May 3. The real estate investment trust reported ($0.22) earnings per share for the quarter, missing analyst consensus estimates of $0.08 per ($0.30). New York Mortgage Trust had a net margin of 31.18% and a return on equity of 7.42%. In the same quarter last year, the company achieved EPS of $0.11. As a group, stock analysts predict New York Mortgage Trust will post 0.07 earnings per share for the current year.
What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%!
When you start getting paid 26% on your money, your financial troubles tend to evaporate.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 25. Investors of record on Monday, June 27 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a yield of 14.08%. The ex-dividend date is Friday, June 24. New York Mortgage Trust’s payout ratio is currently 800.00%.
Several large investors have recently bought and sold shares of NYMT. Maryland State Retirement & Pension System increased its holdings in New York Mortgage Trust by 2.0% in the first quarter. Maryland State Retirement & Pension System now owns 153,417 shares of the real estate investment trust worth $560,000 after buying 2,968 additional shares in the last quarter. Eaton Vance Management increased its holdings of New York Mortgage Trust shares by 18.9% in the first quarter. Eaton Vance Management now owns 21,272 shares of the real estate investment trust valued at $77,000 after acquiring 3,388 additional shares during the period. Triton Wealth Management PLLC increased its holdings of New York Mortgage Trust shares by 5.0% in the fourth quarter. Triton Wealth Management PLLC now owns 72,536 shares of the real estate investment trust worth $267,000 after buying an additional 3,435 shares in the last quarter. CWM LLC increased its holdings of New York Mortgage Trust shares by 92.9% in the first quarter. CWM LLC now owns 7,386 shares of the real estate investment trust worth $27,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Rhumbline Advisers increased its position in New York Mortgage Trust by 0.3% in the first quarter. Rhumbline Advisers now owns 1,101,292 shares of the real estate investment trust worth $4,020,000 after purchasing 3,657 additional shares during the period. Institutional investors hold 54.25% of the company’s shares.
Several research analysts have recently released reports on NYMT stocks. Bank of America cut its price target on New York Mortgage Trust shares from $4.50 to $3.75 and set an “underperform” rating for the company in a Wednesday, March 9 report. StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a Tuesday, May 10 research report. Finally, Barclays lowered its price target on New York Mortgage Trust shares from $4.00 to $3.50 in a research report on Wednesday, April 27. Two research analysts have rated the stock with a sell rating and three have assigned the stock a buy rating. Based on MarketBeat data, New York Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $4.25.
About New York Mortgage Trust (Get an assessment)
New York Mortgage Trust, Inc. acquires, invests, finances and manages single-family and multi-family residential mortgage-related assets in the United States. Its focused investments include residential loans, second mortgages and business loans; structured multifamily real estate investments, such as preferred stock and mezzanine loans to owners of multifamily properties, as well as joint venture equity investments in multifamily properties; residential non-agency mortgage-backed securities (RMBS); Agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgages, residential housing and credit-related assets.
See also
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Should you invest $1,000 in the New York Mortgage Trust right now?
Before you consider New York Mortgage Trust, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and New York Mortgage Trust didn’t make the list.
While New York Mortgage Trust currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
