B. Riley restated their neutral rating on shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) in a research note issued to investors on Tuesday morning. The brokerage currently has a $6.25 target price on the real estate investment trust’s stock. B. Riley also issued estimates for New York Mortgage Trust’s Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.55 EPS.

NYMT has been the subject of a number of other reports. BidaskClub raised shares of New York Mortgage Trust from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Maxim Group reaffirmed a buy rating and issued a $6.50 target price on shares of New York Mortgage Trust in a research note on Monday. Barclays PLC upped their target price on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an equal weight rating in a research note on Tuesday, October 10th. TheStreet raised shares of New York Mortgage Trust from a d+ rating to a c rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of New York Mortgage Trust from a hold rating to a sell rating in a research note on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $6.35.

Shares of New York Mortgage Trust (NYMT) traded down $0.08 during midday trading on Tuesday, reaching $6.20. 650,640 shares of the company were exchanged, compared to its average volume of 894,956. The firm has a market cap of $693.49, a price-to-earnings ratio of 11.69 and a beta of 1.36. The company has a debt-to-equity ratio of 13.26, a quick ratio of 74.43 and a current ratio of 71.04. New York Mortgage Trust has a 12-month low of $5.90 and a 12-month high of $7.04.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 12.90%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 160.00%.

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in New York Mortgage Trust by 46.8% during the 3rd quarter. Wells Fargo & Company MN now owns 173,658 shares of the real estate investment trust’s stock worth $1,068,000 after buying an additional 55,357 shares in the last quarter. Van ECK Associates Corp lifted its position in New York Mortgage Trust by 10.6% during the 3rd quarter. Van ECK Associates Corp now owns 638,266 shares of the real estate investment trust’s stock worth $3,925,000 after buying an additional 61,102 shares in the last quarter. SG Americas Securities LLC bought a new stake in New York Mortgage Trust during the 3rd quarter worth about $115,000. Global X MANAGEMENT CO LLC lifted its position in New York Mortgage Trust by 4.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,780,156 shares of the real estate investment trust’s stock worth $17,098,000 after buying an additional 105,844 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in New York Mortgage Trust during the 3rd quarter worth about $548,000. 36.19% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

Analyst Recommendations for New York Mortgage Trust (NASDAQ:NYMT)

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