NY MTG TR INC/SH (NYMT) Short Interest Update

NY MTG TR INC/SH (NASDAQ:NYMT) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,854,466 shares, a decline of 39.9% from the February 28th total of 13,067,036 shares. Based on an average daily volume of 2,463,992 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.6% of the company’s stock are short sold.

NYMT has been the topic of several recent analyst reports. BidaskClub upgraded NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research cut NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Barclays cut NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Thursday, February 28th. Finally, Nomura initiated coverage on NY MTG TR INC/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $6.50 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.31.

Shares of NASDAQ NYMT traded up $0.01 during midday trading on Friday, hitting $6.19. 998,738 shares of the company’s stock were exchanged, compared to its average volume of 1,509,660. The company has a current ratio of 97.55, a quick ratio of 97.55 and a debt-to-equity ratio of 15.08. The company has a market cap of $1.15 billion, a PE ratio of 7.20 and a beta of 0.83. NY MTG TR INC/SH has a twelve month low of $5.58 and a twelve month high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last announced its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $21.87 million for the quarter, compared to analyst estimates of $19.90 million. Sell-side analysts forecast that NY MTG TR INC/SH will post 0.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.92%. The ex-dividend date is Thursday, March 28th. NY MTG TR INC/SH’s dividend payout ratio (DPR) is presently 93.02%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in NY MTG TR INC/SH during the third quarter worth $258,000. Rhumbline Advisers lifted its stake in shares of NY MTG TR INC/SH by 19.2% in the third quarter. Rhumbline Advisers now owns 319,095 shares of the real estate investment trust’s stock valued at $1,940,000 after buying an additional 51,294 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of NY MTG TR INC/SH in the third quarter valued at about $137,000. Bank of New York Mellon Corp lifted its stake in shares of NY MTG TR INC/SH by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 1,570,469 shares of the real estate investment trust’s stock valued at $9,549,000 after buying an additional 305,262 shares during the period. Finally, American International Group Inc. raised its position in NY MTG TR INC/SH by 26.4% in the third quarter. American International Group Inc. now owns 109,168 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 22,817 shares in the last quarter. 44.04% of the stock is currently owned by institutional investors and hedge funds.

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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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