NY MTG TR INC/SH Target of Unusually High Options Trading (NASDAQ:NYMT)
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.
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.
Featured Article: Book Value Per Share – BVPS
Receive News & Ratings for NY MTG TR INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NY MTG TR INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.