New York Mortgage Trust (NASDAQ:NYMT) Rating Increased to Hold at StockNews.com

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

Separately, B. Riley decreased their target price on 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Stock Up 1.0 %

NYMT opened at $6.15 on Friday. The business’s fifty day moving average is $6.06 and its two-hundred day moving average is $6.09. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The company has a market cap of $557.07 million, a price-to-earnings ratio of -18.64 and a beta of 1.92. New York Mortgage Trust has a one year low of $5.14 and a one year high of $7.64.

Institutional Trading of New York Mortgage Trust

Several institutional investors and hedge funds have recently made changes to their positions in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of New York Mortgage Trust in the fourth quarter valued at $49,000. McIlrath & Eck LLC purchased a new position in New York Mortgage Trust during the third quarter worth about $62,000. Sequoia Financial Advisors LLC purchased a new position in New York Mortgage Trust during the third quarter worth about $76,000. Tower Research Capital LLC TRC lifted its position 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 during the period. Finally, Guggenheim Capital LLC purchased a new position in New York Mortgage Trust during the fourth quarter worth about $80,000. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

About New York Mortgage Trust

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.