Economy

New York Mortgage Trust, Inc. - (NASDAQ:NYMTP) Experiences Light Trading Volume

Ellington Residential Mortgage shares had a trading volume of 108K in the last trading session. (NASDAQ:NYMT) by 14,508.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

News articles about New York Mortgage Trust (NASDAQ:NYMT) have been trending somewhat positive recently, Accern Sentiment reports. Bessemer Group bought a new stake in stocks of Ellington Residential Mortgage REIT in the Fiscal Q2 valued about $119,000. JPMorgan Chase has an ownership of 7,539 stocks of the real estate investment trust's shares valued $111,000 following acquiring an extra 6,519 stocks in the previous period. New York State Common Retirement Fund purchased a new position in Ellington Residential Mortgage REIT in the 2nd quarter valued at $130,000. MSI Financial Services Inc raised its position in shares of New York Mortgage Trust by 55.0% in the third quarter. BB&T Securities LLC now owns 10,235 shares of the real estate investment trust's stock worth $150,000 after acquiring an additional 160 shares during the period. Finally, TheStreet cut New York Mortgage Trust from a "c" rating to a "d+" rating in a report on Friday, August 4th. BlackRock Inc. now owns 36,853 shares of the company's stock valued at $226,000 after buying an additional 29,186 shares during the period. New York Mortgage Trust earned a media sentiment score of 0.07 on Accern's scale. The company's stock had a trading volume of 406,741 shares. The firm has a market cap of $190.94 million, a price-to-earnings ratio of 11.21 and a beta of 0.64.

Company chares are trading at $14.44 a bit lower than the 50 day moving average of $14.57 and which is slightly below the 200 day moving average of $14.69. Shareholders of record on Tuesday, December 27th will be given a $0.24 dividend.

The company is up from yesterday's close of 25. The ex-dividend date was Wednesday the 28th of June 2017. This dividend amount was represent a yeild of $7.75. FBR & Co initiated coverage on New York Mortgage Trust in a research report on Monday, October 10th. The brokerage now has $16.00 target price on the real estate investment trust's stock.

Zacks Investment Research upgraded shares of Ellington Residential Mortgage REIT (NYSE:EARN) from a hold rating to a buy rating in a research note released on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of "Hold" and an average price target of $6.09. The Company conducts its business through its subsidiaries, EARN OP GP LLC (the General Partner) and Ellington Residential Mortgage LP (the Operating Partnership). The Company may acquire and manage various other types of mortgage-related and financial assets, including, without limitation, collateralized mortgage obligations and securities issued by newly originated residential securitizations, including credit sensitive securities from these securitizations. The Company constructs and managing a portfolio consisting of residential mortgage-backed securities (RMBS) for which the principal and interest payments are guaranteed by the United States Government agency or the United States Government-sponsored entity (Agency RMBS) and, to a lesser extent, RMBS backed by prime jumbo, Alternative A-paper (Alt-A) manufactured housing, and subprime residential mortgage loans (non-Agency RMBS).



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