New York Mortgage Trust (NASDAQ:NYMT) Downgraded to Sell Rating by StockNews.com

New York Mortgage Trust (NASDAQ:NYMT) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, B. Riley dropped their target price on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

New York Mortgage Trust Stock Up 0.5 %

NASDAQ:NYMT opened at $6.46 on Friday. The company’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $6.09. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. New York Mortgage Trust has a fifty-two week low of $5.14 and a fifty-two week high of $7.49. The stock has a market capitalization of $585.14 million, a P/E ratio of -5.67 and a beta of 1.92.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $20.06 million. On average, equities analysts anticipate that New York Mortgage Trust will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On New York Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in NYMT. Tower Research Capital LLC TRC boosted its holdings in New York Mortgage Trust by 18.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 2,014 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in New York Mortgage Trust by 22.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 4,376 shares during the period. Inceptionr LLC raised its position in New York Mortgage Trust by 14.5% during the fourth quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 5,513 shares during the period. Entropy Technologies LP lifted its holdings in New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 6,700 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $49,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.