New York Mortgage Trust (NASDAQ:NYMT) Hits New 12-Month Low at $5.59

New York Mortgage Trust, Inc. (NASDAQ:NYMT) shares hit a new 52-week low on Monday . The company traded as low as $5.59 and last traded at $5.70, with a volume of 25998 shares changing hands. The stock had previously closed at $6.17.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NYMT. UBS Group reduced their price objective on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Keefe, Bruyette & Woods cut their price target on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Finally, StockNews.com lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

New York Mortgage Trust Price Performance

The company’s 50 day moving average is $6.17 and its 200 day moving average is $6.78. The company has a current ratio of 6.46, a quick ratio of 4.02 and a debt-to-equity ratio of 6.30. The stock has a market capitalization of $536.23 million, a price-to-earnings ratio of -3.34 and a beta of 1.93.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a yield of 13.51%. New York Mortgage Trust’s dividend payout ratio is presently -43.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC purchased a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $115,000. SG Americas Securities LLC purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at about $154,000. Sax Wealth Advisors LLC purchased a new stake in shares of New York Mortgage Trust in the first quarter valued at about $168,000. SageView Advisory Group LLC purchased a new stake in shares of New York Mortgage Trust in the first quarter valued at about $178,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $201,000. 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.