StockNews.com Lowers New York Mortgage Trust (NASDAQ:NYMT) to Sell

New York Mortgage Trust (NASDAQ:NYMT – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other research firms also recently commented on NYMT. Keefe, Bruyette & Woods decreased their price target on New York Mortgage Trust to $2.50 and set a “market perform” rating for the company in a research note on Wednesday, March 8th. Jonestrading restated a “hold” rating on shares of New York Mortgage Trust in a research note on Wednesday, March 1st. Finally, LADENBURG THALM/SH SH downgraded New York Mortgage Trust from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.08.

New York Mortgage Trust Stock Up 3.8 %

NASDAQ:NYMT opened at $9.29 on Wednesday. The company has a market capitalization of $849.20 million, a price-to-earnings ratio of -2.58 and a beta of 1.78. New York Mortgage Trust has a one year low of $8.28 and a one year high of $15.00. The stock has a 50-day simple moving average of $11.31 and a 200 day simple moving average of $10.89. The company has a debt-to-equity ratio of 2.36, a quick ratio of 9.77 and a current ratio of 9.77.

Institutional Investors Weigh In On New York Mortgage Trust

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of New York Mortgage Trust by 2.6% during the third quarter. Vanguard Group Inc. now owns 26,414,738 shares of the real estate investment trust’s stock valued at $61,810,000 after buying an additional 664,045 shares during the last quarter. State Street Corp raised its holdings in shares of New York Mortgage Trust by 1.7% during the second quarter. State Street Corp now owns 14,724,631 shares of the real estate investment trust’s stock valued at $42,085,000 after buying an additional 245,757 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of New York Mortgage Trust by 1.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,597,681 shares of the real estate investment trust’s stock valued at $37,370,000 after buying an additional 253,092 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of New York Mortgage Trust by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,350,959 shares of the real estate investment trust’s stock valued at $18,818,000 after buying an additional 91,487 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of New York Mortgage Trust by 26.5% during the first quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust’s stock valued at $21,935,000 after buying an additional 1,259,010 shares during the last quarter. Institutional investors own 53.62% of the company’s stock.

About New York Mortgage Trust

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New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance, and management of mortgage-related single-family and multi-family residential assets. Its investment portfolio includes credit sensitive single-family and multi-family assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.