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

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Maxim Group restated a “buy” rating and set a $6.75 target price on shares of NY MTG TR INC/SH in a research report on Tuesday, May 7th. Nomura began coverage on NY MTG TR INC/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $6.50 price objective for the company. Finally, Barclays cut NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Thursday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.25.

Shares of NYMT stock opened at $6.17 on Wednesday. The company has a current ratio of 120.54, a quick ratio of 120.54 and a debt-to-equity ratio of 14.72. NY MTG TR INC/SH has a twelve month low of $5.58 and a twelve month high of $6.54. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.17 and a beta of 0.81.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. NY MTG TR INC/SH had a return on equity of 13.32% and a net margin of 21.47%. The firm had revenue of $26.20 million for the quarter, compared to analyst estimates of $23.00 million. On average, research analysts forecast that NY MTG TR INC/SH will post 0.64 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new position in shares of NY MTG TR INC/SH during the 1st quarter worth approximately $31,000. Parallel Advisors LLC raised its holdings in NY MTG TR INC/SH by 1,123.2% during the 1st quarter. Parallel Advisors LLC now owns 9,419 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 8,649 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in NY MTG TR INC/SH during the 4th quarter valued at $59,000. Kovack Advisors Inc. bought a new stake in NY MTG TR INC/SH during the 4th quarter valued at $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in NY MTG TR INC/SH during the 1st quarter valued at $111,000. 47.70% of the stock is owned by institutional investors.

NY MTG TR INC/SH Company Profile

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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