NY MTG TR INC/SH (NASDAQ:NYMT) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

NYMT has been the topic of several other research reports. Zacks Investment Research lowered NY MTG TR INC/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. BidaskClub upgraded NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a research report on Wednesday, November 14th. Finally, Raymond James began coverage on NY MTG TR INC/SH in a research report on Friday, October 12th. They set a “market perform” rating on the stock. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.38.

NASDAQ NYMT opened at $6.18 on Wednesday. NY MTG TR INC/SH has a 12 month low of $5.35 and a 12 month high of $6.54. The stock has a market capitalization of $861.41 million, a price-to-earnings ratio of 9.36 and a beta of 0.97. The company has a debt-to-equity ratio of 13.55, a quick ratio of 88.95 and a current ratio of 88.96.

NY MTG TR INC/SH (NASDAQ:NYMT) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. NY MTG TR INC/SH had a return on equity of 17.13% and a net margin of 25.07%. The company had revenue of $19.60 million for the quarter, compared to analyst estimates of $17.10 million. Equities research analysts expect that NY MTG TR INC/SH will post 0.79 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new stake in shares of NY MTG TR INC/SH during the 3rd quarter valued at about $137,000. Russell Investments Group Ltd. acquired a new position in NY MTG TR INC/SH during the 3rd quarter worth approximately $258,000. SG Americas Securities LLC raised its stake in NY MTG TR INC/SH by 174.3% during the 2nd quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 30,128 shares during the period. MetLife Investment Advisors LLC raised its stake in NY MTG TR INC/SH by 58.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 53,512 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 19,666 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in NY MTG TR INC/SH during the 2nd quarter worth approximately $369,000. Institutional investors own 52.63% of the company’s stock.

About NY MTG TR INC/SH

New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.

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