New York Mortgage Belief, Inc. (NASDAQ:NYMT – Get Rating) has earned a consensus score of “Maintain” from the 9 analysis companies which might be presently masking the inventory, MarketBeat.com reviews. Two analysis analysts have rated the inventory with a promote score, two have issued a maintain score and 4 have assigned a purchase score to the corporate. The typical 1 yr goal value amongst brokers which have up to date their protection on the inventory within the final yr is $four.75.
Numerous analysts have just lately issued reviews on NYMT shares. Jonestrading lowered their value goal on shares of New York Mortgage Belief from $5.00 to $four.50 and set a “purchase” score for the corporate in a analysis notice on Tuesday, February 22nd. Keefe, Bruyette & Woods raised shares of New York Mortgage Belief from a “market carry out” score to an “outperform” score and set a $four.50 value goal for the corporate in a analysis notice on Wednesday, February 23rd. Financial institution of America lowered their value goal on shares of New York Mortgage Belief from $four.50 to $three.75 and set an “underperform” score for the corporate in a analysis notice on Wednesday, March ninth. Maxim Group reaffirmed a “purchase” score and set a $5.00 goal value on shares of New York Mortgage Belief in a analysis notice on Friday, February 18th. Lastly, Zacks Investment Research minimize shares of New York Mortgage Belief from a “maintain” score to a “promote” score in a analysis notice on Thursday, February 24th.
A number of institutional buyers have just lately added to or lowered their stakes within the firm. JustInvest LLC lifted its holdings in New York Mortgage Belief by 22.2% throughout the 4th quarter. JustInvest LLC now owns 16,141 shares of the true property funding belief’s inventory valued at $60,000 after shopping for a further 2,933 shares within the final quarter. Maryland State Retirement & Pension System lifted its holdings in New York Mortgage Belief by 2.zero% throughout the 1st quarter. Maryland State Retirement & Pension System now owns 153,417 shares of the true property funding belief’s inventory valued at $560,000 after shopping for a further 2,968 shares within the final quarter. Catalyst Capital Advisors LLC lifted its holdings in New York Mortgage Belief by 29.four% throughout the third quarter. Catalyst Capital Advisors LLC now owns 13,640 shares of the true property funding belief’s inventory valued at $58,000 after shopping for a further three,100 shares within the final quarter. Alliancebernstein L.P. lifted its holdings in New York Mortgage Belief by zero.6% throughout the 4th quarter. Alliancebernstein L.P. now owns 533,855 shares of the true property funding belief’s inventory valued at $1,986,000 after shopping for a further three,314 shares within the final quarter. Lastly, Triton Wealth Administration PLLC lifted its holdings in New York Mortgage Belief by 5.zero% throughout the 4th quarter. Triton Wealth Administration PLLC now owns 72,536 shares of the true property funding belief’s inventory valued at $267,000 after shopping for a further three,435 shares within the final quarter. Hedge funds and different institutional buyers personal 56.53% of the corporate’s inventory.
Shares of NASDAQ NYMT remained flat at $$three.50 throughout noon buying and selling on Monday. 1,823,370 shares of the inventory had been exchanged, in comparison with its common quantity of three,921,708. The enterprise’s 50-day easy transferring common is $three.59 and its 200-day easy transferring common is $three.85. The corporate has a debt-to-equity ratio of 1.29, a present ratio of 5.62 and a fast ratio of 5.62. The corporate has a market cap of $1.33 billion, a P/E ratio of 9.21 and a beta of 1.81. New York Mortgage Belief has a 1 yr low of $three.24 and a 1 yr excessive of $four.93.
The agency additionally just lately disclosed a quarterly dividend, which might be paid on Monday, April 25th. Shareholders of file on Thursday, March 24th might be given a dividend of $zero.10 per share. The ex-dividend date of this dividend is Wednesday, March 23rd. This represents a $zero.40 annualized dividend and a yield of 11.43%. New York Mortgage Belief’s dividend payout ratio (DPR) is presently 105.27%.
About New York Mortgage Belief (Get Rating)
New York Mortgage Belief, Inc acquires, invests in, funds, and manages mortgage-related single-family and multi-family residential property in the USA. Its focused investments embody residential loans, second mortgages, and enterprise goal loans; structured multi-family property investments, akin to most popular fairness in, and mezzanine loans to homeowners of multi-family properties, in addition to three way partnership fairness investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); company RMBS; industrial mortgage-backed securities (CMBS); and different mortgage, residential housing, and credit-related property.
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