NY MTG TR INC/SH (NASDAQ:NYMT) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 1,006 put options on the company. This represents an increase of 1,424% compared to the average daily volume of 66 put options.
A number of analysts have recently weighed in on NYMT shares. Barclays cut shares of NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Thursday, February 28th. BidaskClub lowered shares of NY MTG TR INC/SH from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. Nomura started coverage on shares of NY MTG TR INC/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $6.50 target price on the stock. Maxim Group reiterated a “buy” rating and set a $6.75 price target on shares of NY MTG TR INC/SH in a research report on Tuesday, May 7th. Finally, Zacks Investment Research downgraded shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.25.
NASDAQ NYMT opened at $6.17 on Wednesday. The company has a market capitalization of $1.30 billion, a PE ratio of 7.17 and a beta of 0.81. The company has a debt-to-equity ratio of 14.72, a current ratio of 120.54 and a quick ratio of 120.54. NY MTG TR INC/SH has a 12 month low of $5.58 and a 12 month high of $6.54.
NY MTG TR INC/SH (NASDAQ:NYMT) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. NY MTG TR INC/SH had a return on equity of 13.32% and a net margin of 21.47%. The company had revenue of $26.20 million for the quarter, compared to analysts’ expectations of $23.00 million. On average, sell-side analysts forecast that NY MTG TR INC/SH will post 0.64 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. LSV Asset Management lifted its stake in NY MTG TR INC/SH by 3.2% in the 4th quarter. LSV Asset Management now owns 3,551,462 shares of the real estate investment trust’s stock worth $20,918,000 after purchasing an additional 109,872 shares in the last quarter. Geode Capital Management LLC lifted its position in NY MTG TR INC/SH by 28.7% in the first quarter. Geode Capital Management LLC now owns 2,180,493 shares of the real estate investment trust’s stock valued at $13,279,000 after acquiring an additional 486,281 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NY MTG TR INC/SH by 12.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,762,214 shares of the real estate investment trust’s stock valued at $10,379,000 after buying an additional 191,745 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in NY MTG TR INC/SH by 5.9% during the first quarter. Parametric Portfolio Associates LLC now owns 1,027,444 shares of the real estate investment trust’s stock worth $6,257,000 after purchasing an additional 57,404 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of NY MTG TR INC/SH by 2.5% in the fourth quarter. Van ECK Associates Corp now owns 729,919 shares of the real estate investment trust’s stock valued at $4,299,000 after purchasing an additional 17,876 shares during the last quarter. Institutional investors own 47.70% of the company’s stock.
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About NY MTG TR INC/SH
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.
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