NY Mtg Tr Inc/SH (NYMT) Shares Gap Down to $6.29

NY Mtg Tr Inc/SH (NASDAQ:NYMT) gapped down before the market opened on Wednesday . The stock had previously closed at $6.42, but opened at $6.29. NY Mtg Tr Inc/SH shares last traded at $6.06, with a volume of 2396300 shares trading hands.

A number of equities research analysts have recently issued reports on NYMT shares. Zacks Investment Research lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. BidaskClub lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. ValuEngine lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Maxim Group reiterated 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. Finally, LADENBURG THALM/SH SH lowered shares of NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.35.

The company has a market cap of $871.91 million, a price-to-earnings ratio of 9.18 and a beta of 1.13. The company has a debt-to-equity ratio of 14.47, a quick ratio of 86.93 and a current ratio of 86.93.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $17.50 million for the quarter. NY Mtg Tr Inc/SH had a net margin of 24.78% and a return on equity of 17.07%. equities research analysts expect that NY Mtg Tr Inc/SH will post 0.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Thursday, September 27th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, September 26th. This represents a $0.80 annualized dividend and a yield of 13.20%. NY Mtg Tr Inc/SH’s dividend payout ratio is presently 121.21%.

Institutional investors have recently added to or reduced their stakes in the business. Element Capital Management LLC bought a new stake in NY Mtg Tr Inc/SH in the first quarter worth approximately $113,000. Profund Advisors LLC bought a new stake in NY Mtg Tr Inc/SH in the first quarter worth approximately $122,000. LPL Financial LLC grew its position in NY Mtg Tr Inc/SH by 119.8% in the first quarter. LPL Financial LLC now owns 22,484 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 12,255 shares in the last quarter. Mason Street Advisors LLC bought a new stake in NY Mtg Tr Inc/SH in the first quarter worth approximately $184,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in NY Mtg Tr Inc/SH by 35.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,268 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 10,753 shares in the last quarter. Hedge funds and other institutional investors own 44.89% of the company’s stock.

NY Mtg Tr Inc/SH Company Profile (NASDAQ:NYMT)

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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