Shares of NY MTG TR INC/SH (NASDAQ:NYMT) have received a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.88.
Several analysts recently weighed in on the company. BidaskClub upgraded NY MTG TR INC/SH from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research downgraded NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Barclays downgraded 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. Finally, ValuEngine upgraded NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th.
Hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund bought a new stake in shares of NY MTG TR INC/SH in the 4th quarter worth approximately $59,000. Kovack Advisors Inc. bought a new stake in shares of NY MTG TR INC/SH in the 4th quarter worth approximately $82,000. Amalgamated Bank lifted its position in shares of NY MTG TR INC/SH by 10.4% in the 4th quarter. Amalgamated Bank now owns 21,957 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,065 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of NY MTG TR INC/SH in the 3rd quarter worth approximately $137,000. Finally, Piedmont Investment Advisors Inc. lifted its position in shares of NY MTG TR INC/SH by 15.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 37,024 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 4,988 shares during the period. Institutional investors own 44.03% of the company’s stock.
NY MTG TR INC/SH (NASDAQ:NYMT) last announced its earnings results on Thursday, February 21st. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). NY MTG TR INC/SH had a net margin of 20.71% and a return on equity of 13.29%. The business had revenue of $21.87 million for the quarter, compared to the consensus estimate of $19.90 million. On average, equities research analysts forecast that NY MTG TR INC/SH will post 0.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 29th will be given a $0.20 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.14%. NY MTG TR INC/SH’s dividend payout ratio is currently 93.02%.
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; distressed residential assets comprising residential mortgage loans sourced from distressed markets and non-agency residential mortgage-backed securities (RMBS); agency RMBS, and other mortgage-related and residential housing-related assets.
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