New York Mortgage Trust (NASDAQ:NYMT) Downgraded by StockNews.com

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

Separately, Janney Montgomery Scott assumed coverage on New York Mortgage Trust in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Price Performance

NYMT opened at $6.85 on Friday. New York Mortgage Trust has a 12-month low of $5.51 and a 12-month high of $9.67. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 6.30. The stock has a fifty day simple moving average of $6.48 and a two-hundred day simple moving average of $6.51. The company has a market cap of $624.91 million, a price-to-earnings ratio of -3.70 and a beta of 1.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NYMT. Charles Schwab Investment Management Inc. raised its holdings in New York Mortgage Trust by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,527,776 shares of the real estate investment trust’s stock worth $13,032,000 after acquiring an additional 132,162 shares during the last quarter. EMG Holdings L.P. raised its stake in shares of New York Mortgage Trust by 192.1% in the fourth quarter. EMG Holdings L.P. now owns 555,930 shares of the real estate investment trust’s stock worth $4,742,000 after purchasing an additional 365,622 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of New York Mortgage Trust during the second quarter valued at $630,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of New York Mortgage Trust by 0.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 833,702 shares of the real estate investment trust’s stock valued at $6,003,000 after buying an additional 6,148 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in New York Mortgage Trust by 11.8% in the 1st quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 7,728 shares in the last quarter. Institutional investors own 54.89% of the company’s stock.

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.