Keefe, Bruyette & Woods Analysts Give New York Mortgage Trust, Inc. (NYMT) a $6.00 Price Target

Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust, Inc. (NASDAQ:NYMT) in a report issued on Sunday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. BidaskClub upgraded New York Mortgage Trust from a hold rating to a buy rating in a report on Tuesday, July 25th. TheStreet lowered New York Mortgage Trust from a c rating to a d+ rating in a report on Friday, August 4th. Zacks Investment Research lowered New York Mortgage Trust from a hold rating to a sell rating in a report on Tuesday, August 22nd. B. Riley restated a neutral rating and issued a $6.25 target price on shares of New York Mortgage Trust in a report on Tuesday, November 7th. Finally, Barclays PLC raised their target price on New York Mortgage Trust from $5.00 to $6.00 and gave the company an equal weight rating in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $6.35.

New York Mortgage Trust (NASDAQ NYMT) opened at $6.28 on Friday. The stock has a market capitalization of $703.56, a P/E ratio of 11.57 and a beta of 1.36. The company has a quick ratio of 71.04, a current ratio of 71.04 and a debt-to-equity ratio of 13.26. New York Mortgage Trust has a fifty-two week low of $5.90 and a fifty-two week high of $7.04.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 25th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date of this dividend was Friday, September 22nd. New York Mortgage Trust’s payout ratio is 160.00%.

A number of large investors have recently added to or reduced their stakes in NYMT. Wellington Management Group LLP increased its position in New York Mortgage Trust by 1.0% in the first quarter. Wellington Management Group LLP now owns 68,865 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 707 shares during the last quarter. Teachers Advisors LLC increased its position in New York Mortgage Trust by 2.1% in the first quarter. Teachers Advisors LLC now owns 185,746 shares of the real estate investment trust’s stock worth $1,146,000 after buying an additional 3,870 shares during the last quarter. California Public Employees Retirement System increased its position in New York Mortgage Trust by 1.2% in the first quarter. California Public Employees Retirement System now owns 563,400 shares of the real estate investment trust’s stock worth $3,476,000 after buying an additional 6,600 shares during the last quarter. Vanguard Group Inc. increased its position in New York Mortgage Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after buying an additional 119,586 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in New York Mortgage Trust by 11.5% in the first quarter. Geode Capital Management LLC now owns 918,770 shares of the real estate investment trust’s stock worth $5,668,000 after buying an additional 94,769 shares during the last quarter. 36.21% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for New York Mortgage Trust (NASDAQ:NYMT)

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