NY MTG TR INC/SH (NASDAQ:NYMT) Shares Cross Above Two Hundred Day Moving Average of $6.15

NY MTG TR INC/SH (NASDAQ:NYMT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.15 and traded as high as $6.28. NY MTG TR INC/SH shares last traded at $6.26, with a volume of 69,024 shares trading hands.

Several equities analysts have recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of NY MTG TR INC/SH from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 6th. Nomura boosted their price objective on shares of NY MTG TR INC/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Maxim Group set a $7.00 price objective on shares of NY MTG TR INC/SH and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of NY MTG TR INC/SH from a “hold” rating to a “strong-buy” rating and set a $7.00 target price for the company in a report on Wednesday, July 31st. Finally, BidaskClub downgraded shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.50.

The business’s 50-day moving average price is $6.16 and its 200 day moving average price is $6.15. The company has a market cap of $1.46 billion, a P/E ratio of 7.29 and a beta of 0.78. The company has a debt-to-equity ratio of 13.59, a quick ratio of 116.34 and a current ratio of 116.34.

NY MTG TR INC/SH (NASDAQ:NYMT) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $25.69 million during the quarter, compared to the consensus estimate of $32.90 million. NY MTG TR INC/SH had a net margin of 18.56% and a return on equity of 10.99%. Equities research analysts forecast that NY MTG TR INC/SH will post 0.72 earnings per share for the current year.

In related news, Director Alan L. Hainey sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $6.27, for a total transaction of $62,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC bought a new stake in shares of NY MTG TR INC/SH during the first quarter worth approximately $31,000. Parallel Advisors LLC raised its stake in NY MTG TR INC/SH by 1,123.2% in the 1st quarter. Parallel Advisors LLC now owns 9,419 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 8,649 shares in the last quarter. Bessemer Group Inc. acquired a new stake in NY MTG TR INC/SH in the 2nd quarter worth about $68,000. Prime Capital Investment Advisors LLC raised its stake in NY MTG TR INC/SH by 85.7% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 13,000 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Zebra Capital Management LLC bought a new stake in NY MTG TR INC/SH in the 2nd quarter valued at about $96,000. 50.01% of the stock is owned by institutional investors and hedge funds.

NY MTG TR INC/SH Company Profile (NASDAQ:NYMT)

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

Further Reading: Cost of Debt

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