NY MTG TR INC/SH (NASDAQ:NYMT) Short Interest Update

NY MTG TR INC/SH (NASDAQ:NYMT) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 7,950,000 shares, a drop of 25.6% from the August 31st total of 10,690,000 shares. Based on an average trading volume of 3,810,000 shares, the days-to-cover ratio is presently 2.1 days.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Raymond James reaffirmed a “hold” rating on shares of NY MTG TR INC/SH in a report on Wednesday, September 16th. Credit Suisse Group reiterated a “hold” rating and issued a $2.50 price objective on shares of NY MTG TR INC/SH in a research note on Thursday, August 6th. Finally, Zacks Investment Research cut NY MTG TR INC/SH from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. NY MTG TR INC/SH currently has a consensus rating of “Hold” and an average price target of $4.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its holdings in shares of NY MTG TR INC/SH by 53.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,953 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 5,587 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in NY MTG TR INC/SH by 36.8% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 22,775 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 6,131 shares during the last quarter. Teza Capital Management LLC purchased a new position in NY MTG TR INC/SH during the 2nd quarter worth approximately $98,000. Nisa Investment Advisors LLC grew its stake in shares of NY MTG TR INC/SH by 42.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 134,912 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 39,968 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of NY MTG TR INC/SH by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 148,848 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 4,300 shares during the period. Institutional investors own 53.05% of the company’s stock.

NY MTG TR INC/SH stock traded up $0.02 during mid-day trading on Thursday, hitting $2.57. 2,030,781 shares of the company’s stock were exchanged, compared to its average volume of 9,271,009. The company’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.39. The firm has a market capitalization of $970.80 million, a P/E ratio of -2.36 and a beta of 1.83. The company has a quick ratio of 42.01, a current ratio of 42.01 and a debt-to-equity ratio of 1.43. NY MTG TR INC/SH has a fifty-two week low of $0.98 and a fifty-two week high of $6.47.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.25. NY MTG TR INC/SH had a negative return on equity of 27.89% and a net margin of 23.67%. Research analysts expect that NY MTG TR INC/SH will post -1.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 11.67%. The ex-dividend date is Wednesday, September 23rd. This is a boost from NY MTG TR INC/SH’s previous quarterly dividend of $0.05. NY MTG TR INC/SH’s dividend payout ratio is 46.88%.

NY MTG TR INC/SH Company Profile

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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