NY MTG TR INC/SH (NASDAQ:NYMT) was the target of some unusual options trading on Wednesday. Investors bought 2,198 put options on the stock. This is an increase of approximately 4,210% compared to the average volume of 51 put options.

NYMT opened at $6.14 on Thursday. NY MTG TR INC/SH has a one year low of $5.58 and a one year high of $6.44. The company has a market cap of $1.64 billion, a P/E ratio of 7.14 and a beta of 0.76. The company has a debt-to-equity ratio of 11.63, a quick ratio of 112.90 and a current ratio of 112.90. The business’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $6.16.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $31.97 million for the quarter, compared to analysts’ expectations of $36.20 million. NY MTG TR INC/SH had a return on equity of 9.97% and a net margin of 17.74%. As a group, analysts predict that NY MTG TR INC/SH will post 0.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 19th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 13.03%. NY MTG TR INC/SH’s payout ratio is 93.02%.

Institutional investors have recently bought and sold shares of the business. Tompkins Financial Corp lifted its position in NY MTG TR INC/SH by 252.7% during the 3rd quarter. Tompkins Financial Corp now owns 10,629 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 7,615 shares during the period. Bessemer Group Inc. acquired a new stake in shares of NY MTG TR INC/SH in the 2nd quarter valued at approximately $68,000. World Asset Management Inc acquired a new stake in shares of NY MTG TR INC/SH in the 3rd quarter valued at approximately $69,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of NY MTG TR INC/SH by 85.7% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 13,000 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 6,000 shares during the period. Finally, Kovack Advisors Inc. acquired a new stake in shares of NY MTG TR INC/SH in the 3rd quarter valued at approximately $86,000. 48.88% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on the company. Nomura increased their target price on NY MTG TR INC/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Zacks Investment Research raised NY MTG TR INC/SH from a “hold” rating to a “strong-buy” rating and set a $7.00 target price on the stock in a research note on Wednesday, July 31st. LADENBURG THALM/SH SH raised NY MTG TR INC/SH from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 6th. Raymond James reissued a “hold” rating on shares of NY MTG TR INC/SH in a research note on Monday, September 23rd. Finally, BidaskClub lowered NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $6.50.

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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