New York Mortgage Trust Inc (NASDAQ:NYMT) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.06.
Several equities analysts recently issued reports on NYMT shares. B. Riley set a $6.00 price objective on New York Mortgage Trust and gave the stock a “hold” rating in a report on Thursday, February 22nd. BidaskClub cut New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. Zacks Investment Research cut New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Maxim Group reissued a “buy” rating and issued a $6.25 price target (down from $6.50) on shares of New York Mortgage Trust in a report on Wednesday, February 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth $108,000. SG Americas Securities LLC acquired a new position in shares of New York Mortgage Trust in the third quarter worth $115,000. Koch Industries Inc. acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth $152,000. Fox Run Management L.L.C. acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth $164,000. Finally, Jane Street Group LLC acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth $231,000. 38.98% of the stock is owned by institutional investors.
New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. The firm had revenue of $15.04 million during the quarter, compared to analysts’ expectations of $19.97 million. New York Mortgage Trust had a return on equity of 13.38% and a net margin of 22.10%. New York Mortgage Trust’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. sell-side analysts anticipate that New York Mortgage Trust will post 0.53 EPS for the current year.
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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.
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