New York Mortgage Trust (NASDAQ:NYMT) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of New York Mortgage Trust (NASDAQ:NYMT) from a sell rating to a hold rating in a report published on Friday morning.

Separately, B. Riley dropped their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Stock Up 1.0 %

Shares of NASDAQ:NYMT opened at $6.15 on Friday. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The business’s 50-day moving average is $6.06 and its 200-day moving average is $6.10. New York Mortgage Trust has a 1 year low of $5.14 and a 1 year high of $7.64.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -242.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NYMT. The Manufacturers Life Insurance Company raised its stake in shares of New York Mortgage Trust by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,901 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of New York Mortgage Trust by 18.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,014 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of New York Mortgage Trust by 22.7% in the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 4,376 shares during the last quarter. Inceptionr LLC raised its stake in shares of New York Mortgage Trust by 14.5% in the fourth quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 5,513 shares during the last quarter. Finally, Entropy Technologies LP raised its stake in shares of New York Mortgage Trust by 53.9% in the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,700 shares during the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.