NY MTG TR INC/SH (NYMT) Upgraded to “Hold” at ValuEngine

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

Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Maxim Group restated a “buy” rating and issued a $6.75 target price on shares of NY MTG TR INC/SH in a report on Tuesday, November 6th. Raymond James initiated coverage on shares of NY MTG TR INC/SH in a report on Friday, October 12th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded shares of NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. NY MTG TR INC/SH currently has an average rating of “Hold” and a consensus price target of $6.38.

NY MTG TR INC/SH stock opened at $6.10 on Wednesday. NY MTG TR INC/SH has a 52 week low of $5.35 and a 52 week high of $6.54. The company has a debt-to-equity ratio of 13.55, a quick ratio of 88.95 and a current ratio of 88.96. The stock has a market capitalization of $875.53 million, a P/E ratio of 9.24 and a beta of 0.97.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. NY MTG TR INC/SH had a net margin of 25.07% and a return on equity of 17.13%. The business had revenue of $19.60 million for the quarter, compared to analyst estimates of $17.10 million. Analysts forecast that NY MTG TR INC/SH will post 0.79 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Claybrook Capital LLC lifted its holdings in NY MTG TR INC/SH by 29.0% in the 3rd quarter. Claybrook Capital LLC now owns 356,135 shares of the real estate investment trust’s stock valued at $2,165,000 after purchasing an additional 80,000 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in NY MTG TR INC/SH by 8.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 263,015 shares of the real estate investment trust’s stock valued at $1,599,000 after purchasing an additional 20,840 shares in the last quarter. Teachers Advisors LLC lifted its holdings in NY MTG TR INC/SH by 5.8% in the 3rd quarter. Teachers Advisors LLC now owns 211,963 shares of the real estate investment trust’s stock valued at $1,289,000 after purchasing an additional 11,592 shares in the last quarter. Bramshill Investments LLC purchased a new position in NY MTG TR INC/SH in the 3rd quarter valued at about $840,000. Finally, MetLife Investment Advisors LLC lifted its holdings in NY MTG TR INC/SH by 85.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 99,449 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 45,937 shares in the last quarter. 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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