New York Mortgage Trust (NASDAQ:NYMT) Given New $8.00 Price Target at B. Riley

New York Mortgage Trust (NASDAQ:NYMT) had its target price decreased by B. Riley from $11.00 to $8.00 in a research report released on Tuesday morning,Benzinga reports. B. Riley currently has a buy rating on the real estate investment trust’s stock.

Separately, StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Trading Down 1.5 %

Shares of NASDAQ:NYMT opened at $5.99 on Tuesday. The business’s 50-day moving average is $6.05 and its 200 day moving average is $6.15. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. New York Mortgage Trust has a 1 year low of $5.14 and a 1 year high of $8.61. The firm has a market capitalization of $542.57 million, a P/E ratio of -18.15 and a beta of 1.92.

New York Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is presently -242.42%.

Institutional Investors Weigh In On New York Mortgage Trust

Institutional investors and hedge funds have recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust in the 3rd quarter worth approximately $62,000. Sequoia Financial Advisors LLC acquired a new stake in New York Mortgage Trust during the 3rd quarter valued at approximately $76,000. Calton & Associates Inc. purchased a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at $82,000. Evergreen Capital Management LLC acquired a new stake in shares of New York Mortgage Trust in the second quarter worth $83,000. Finally, AQR Capital Management LLC acquired a new stake in shares of New York Mortgage Trust in the second quarter worth $83,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

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.