New York Mortgage Trust (NASDAQ:NYMT) Shares Up 4.9% – Is It a Good Buy?

On January 2nd, 2025, shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) experienced a notable increase of 4.9% during trading. The stock reached a high of $6.05 and concluded trading on the same figure. During this period, around 533,505 shares were exchanged, reflecting a 17% decline from the usual daily volume of 645,535 shares. The previous closing price was $5.77.

Changes in Analyst Ratings

In related news, StockNews.com downgraded New York Mortgage Trust's stock from a "hold" to a "sell" rating in a research note issued on November 19th. Presently, one analyst rates the stock as a sell, three analysts recommend holding, and one analyst suggests buying. According to MarketBeat, the average rating for New York Mortgage Trust is currently "Hold," with an average price target set at $7.75.

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Stock Performance Overview

The market capitalization of New York Mortgage Trust stands at approximately $555.25 million. The stock features a P/E ratio of -18.58 and carries a beta of 1.94. The 50-day moving average price is $5.97, while its 200-day moving average price is $6.15. The company shows a significant debt-to-equity ratio of 7.24, with both current and quick ratios at 8.25.

Dividend Announcement

The company recently announced a quarterly dividend that is set to be distributed on Thursday, January 23rd. Shareholders who are on record as of Friday, December 20th, will receive a dividend payment of $0.20 each. This translates to an annualized dividend of $0.80 and provides a dividend yield of 13.05%. It is noteworthy that the ex-dividend date for this dividend is also on December 20th. Currently, New York Mortgage Trust’s dividend payout ratio stands at -242.42%.

Institutional Investors Update

Recent changes in institutional holdings have been observed regarding New York Mortgage Trust. In the third quarter, McIlrath & Eck LLC initiated a new position in the company worth $62,000. Sequoia Financial Advisors LLC and Calton & Associates Inc. also entered new positions valued at approximately $76,000 and $82,000, respectively. Additionally, Evergreen Capital Management LLC and AQR Capital Management LLC each acquired new stakes of about $83,000. Currently, institutional investors possess 54.89% of the shares for New York Mortgage Trust.

Company Overview

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New York Mortgage Trust, Inc. specializes in acquiring, investing in, financing, and managing mortgage-related assets within the United States, focusing primarily on both single-family and multi-family residential assets. Their investment portfolio includes residential loans (including business-purpose loans), structured multi-family property investments, non-agency and agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), single-family rental properties, and various other mortgage-related assets.

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