New York Mortgage Trust (NASDAQ:NYMT) Upgraded at StockNews.com

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

Separately, B. Riley dropped their price target on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Trading Up 0.2 %

Shares of NYMT traded up $0.01 during mid-day trading on Wednesday, reaching $6.05. The stock had a trading volume of 407,574 shares, compared to its average volume of 567,090. New York Mortgage Trust has a 52-week low of $5.14 and a 52-week high of $7.68. The firm has a market cap of $548.01 million, a price-to-earnings ratio of -18.33 and a beta of 1.92. The business’s fifty day moving average is $6.07 and its 200 day moving average is $6.12. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25.

Institutional Investors Weigh In On New York Mortgage Trust

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of New York Mortgage Trust by 347.4% in the 3rd quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock worth $955,000 after acquiring an additional 117,206 shares during the last quarter. Geode Capital Management LLC lifted its stake in New York Mortgage Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock worth $14,320,000 after purchasing an additional 10,017 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of New York Mortgage Trust by 91.5% during the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 19,165 shares during the period. Jane Street Group LLC grew its stake in shares of New York Mortgage Trust by 17.5% in the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 24,430 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of New York Mortgage Trust in the 2nd quarter valued at $83,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

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.