why New York Mortgage Trust Inc. [NYMT] is a Good Choice for Investors After New Price Target of $4.61

New York Mortgage Trust Inc. [NASDAQ: NYMT] price plunged by -0.99 percent to reach at -$0.04. The company report on March 16, 2021 that New York Mortgage Trust Declares First Quarter 2021 Common Stock Dividend of $0.10 Per Share and Preferred Stock Dividends.

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New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.10 per share on shares of its common stock for the quarter ending March 31, 2021. The dividend will be payable on April 26, 2021 to common stockholders of record as of the close of business on March 25, 2021.

In addition, the Board declared cash dividends on the Company’s 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”), 7.875% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”), 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”) and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series E Preferred Stock”) as stated below.

A sum of 3022392 shares traded at recent session while its average daily volume was at 3.56M shares. New York Mortgage Trust Inc. shares reached a high of $4.55 and dropped to a low of $4.475 until finishing in the latest session at $4.49.

The one-year NYMT stock forecast points to a potential upside of 2.6. The average equity rating for NYMT stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on New York Mortgage Trust Inc. [NYMT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NYMT shares is $4.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NYMT stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for New York Mortgage Trust Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 24, 2020. The new note on the price target was released on November 11, 2020, representing the official price target for New York Mortgage Trust Inc. stock.

The Average True Range (ATR) for New York Mortgage Trust Inc. is set at 0.11, with the Price to Sales ratio for NYMT stock in the period of the last 12 months amounting to 116.94. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.76. Price to Free Cash Flow for NYMT in the course of the last twelve months was 337.06.

NYMT Stock Performance Analysis:

New York Mortgage Trust Inc. [NYMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.11. With this latest performance, NYMT shares dropped by -4.57% in over the last four-week period, additionally plugging by 68.61% over the last 6 months – not to mention a rise of 136.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NYMT stock in for the last two-week period is set at 51.18, with the RSI for the last a single of trading hit 46.80, and the three-weeks RSI is set at 53.88 for New York Mortgage Trust Inc. [NYMT]. The present Moving Average for the last 50 days of trading for this stock 4.35, while it was recorded at 4.52 for the last single week of trading, and 3.35 for the last 200 days.

Insight into New York Mortgage Trust Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and New York Mortgage Trust Inc. [NYMT] shares currently have an operating margin of -45.11 and a Gross Margin at +91.66. New York Mortgage Trust Inc.’s Net Margin is presently recorded at -194.97.

Return on Total Capital for NYMT is now -0.48, given the latest momentum, and Return on Invested Capital for the company is -2.36. Return on Equity for this stock declined to -12.80, with Return on Assets sitting at -2.05. When it comes to the capital structure of this company, New York Mortgage Trust Inc. [NYMT] has a Total Debt to Total Equity ratio set at 96.48. Additionally, NYMT Total Debt to Total Capital is recorded at 49.10, with Total Debt to Total Assets ending up at 47.69. Long-Term Debt to Equity for the company is recorded at 101.01, with the Long-Term Debt to Total Capital now at 40.13.

Reflecting on the efficiency of the workforce at the company, New York Mortgage Trust Inc. [NYMT] managed to generate an average of -$5,151,964 per employee. Receivables Turnover for the company is 7.18 with a Total Asset Turnover recorded at a value of 0.01.

NYMT Stock EPS

With the latest financial reports released by the company, New York Mortgage Trust Inc. posted -1.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,415.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NYMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New York Mortgage Trust Inc. go to 6.59%.

New York Mortgage Trust Inc. [NYMT] Insider Position Details

There are presently around $919 million, or 54.90% of NYMT stock, in the hands of institutional investors. The top three institutional holders of NYMT stocks are: BLACKROCK INC. with ownership of 67,272,359, which is approximately 2.756% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 23,436,600 shares of the stock with an approximate value of $105.11 million in NYMT stocks shares; and STATE STREET CORP, currently with $55.49 million in NYMT stock with ownership of nearly -1.959% of the company’s market capitalization.

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Positions in New York Mortgage Trust Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 115 institutional holders increased their position in New York Mortgage Trust Inc. [NASDAQ:NYMT] by around 20,775,851 shares. Additionally, 95 investors decreased positions by around 17,368,300 shares, while 40 investors held positions by with 166,857,849 shares. The mentioned changes placed institutional holdings at 205,002,000 shares, according to the latest SEC report filing. NYMT stock had 36 new institutional investments in for a total of 7,524,664 shares, while 23 institutional investors sold positions of 2,029,096 shares during the same period.

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