New York Mortgage Trust (NASDAQ:NYMT) Stock Rating Upgraded by StockNews.com

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

Separately, B. Riley lowered their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.00.

New York Mortgage Trust Price Performance

NASDAQ:NYMT opened at $6.09 on Friday. The stock has a market cap of $551.63 million, a PE ratio of -18.45 and a beta of 1.92. New York Mortgage Trust has a one year low of $5.14 and a one year high of $7.64. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The stock has a 50 day moving average price of $6.06 and a 200 day moving average price of $6.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in New York Mortgage Trust by 347.4% in the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock valued at $955,000 after purchasing an additional 117,206 shares during the period. Geode Capital Management LLC boosted its holdings in New York Mortgage Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after purchasing an additional 10,017 shares during the period. Intech Investment Management LLC boosted its holdings in New York Mortgage Trust by 91.5% in the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 19,165 shares during the period. Jane Street Group LLC boosted its holdings in New York Mortgage Trust by 17.5% in the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 24,430 shares during the period. Finally, AQR Capital Management LLC purchased a new position in New York Mortgage Trust in the second quarter valued at $83,000. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Company Profile

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.