NY MTG TR INC/SH (NASDAQ:NYMT) Rating Increased to Hold at BidaskClub

NY MTG TR INC/SH (NASDAQ:NYMT) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday, BidAskClub reports.

Several other analysts have also commented on NYMT. Barclays reissued a “sell” rating and set a $2.00 price target on shares of NY MTG TR INC/SH in a research report on Wednesday, April 29th. ValuEngine upgraded shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Zacks Investment Research downgraded shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group upgraded shares of NY MTG TR INC/SH from an “underperform” rating to a “neutral” rating in a report on Friday, April 24th. Finally, Nomura Securities restated a “buy” rating and set a $7.00 price objective on shares of NY MTG TR INC/SH in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.75.

Shares of NYMT stock traded down $0.03 during mid-day trading on Thursday, hitting $2.01. 8,990,882 shares of the stock traded hands, compared to its average volume of 9,214,830. The stock’s fifty day moving average is $1.89 and its two-hundred day moving average is $4.76. NY MTG TR INC/SH has a 52-week low of $0.98 and a 52-week high of $6.47. The company has a debt-to-equity ratio of 12.41, a quick ratio of 118.84 and a current ratio of 118.84.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its quarterly earnings results on Thursday, May 21st. The real estate investment trust reported ($1.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.98) by ($0.73). The firm had revenue of $47.08 million for the quarter, compared to analysts’ expectations of $46.50 million. NY MTG TR INC/SH had a net margin of 23.67% and a negative return on equity of 30.94%. On average, equities analysts forecast that NY MTG TR INC/SH will post -0.12 EPS for the current fiscal year.

In other NY MTG TR INC/SH news, CEO Steven R. Mumma purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $5.46 per share, for a total transaction of $273,000.00. Following the acquisition, the chief executive officer now owns 919,408 shares in the company, valued at $5,019,967.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven R. Mumma purchased 32,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $4.02 per share, for a total transaction of $128,640.00. Following the acquisition, the chief executive officer now owns 1,000,911 shares in the company, valued at approximately $4,023,662.22. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 165,500 shares of company stock worth $746,740. 0.70% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in shares of NY MTG TR INC/SH by 79.1% during the 4th quarter. Versant Capital Management Inc now owns 4,275 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,888 shares during the period. Calton & Associates Inc. acquired a new stake in shares of NY MTG TR INC/SH during the 4th quarter worth approximately $62,000. Mutual of America Capital Management LLC grew its stake in shares of NY MTG TR INC/SH by 53.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,953 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 5,587 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of NY MTG TR INC/SH by 29.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,389 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 6,273 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in shares of NY MTG TR INC/SH during the 4th quarter worth approximately $194,000. Institutional investors own 48.90% of the company’s stock.

About NY MTG TR INC/SH

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.

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Analyst Recommendations for NY MTG TR INC/SH (NASDAQ:NYMT)

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