New York Mortgage Trust Inc. (NASDAQ:NYMT) closed Wednesday at $2.72 per share, down from $2.77 a day earlier. While New York Mortgage Trust Inc. has underperformed by -1.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NYMT fell by -37.33%, with highs and lows ranging from $4.50 to $2.24, whereas the simple moving average fell by -16.97% in the last 200 days.
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On July 18, 2022, Keefe Bruyette Downgraded New York Mortgage Trust Inc. (NASDAQ: NYMT) to Mkt Perform. A report published by Keefe Bruyette on February 23, 2022, Upgraded its rating to ‘Outperform’ for NYMT. BofA Securities also Downgraded NYMT shares as ‘Underperform’, setting a target price of $4.50 on the company’s shares in a report dated May 17, 2021. B. Riley Securities Initiated an Buy rating on May 12, 2021, and assigned a price target of $6. BTIG Research initiated its ‘Neutral’ rating for NYMT, as published in its report on November 24, 2020. Maxim Group’s report from November 11, 2020 suggests a price prediction of $4.50 for NYMT shares, giving the stock a ‘Buy’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of New York Mortgage Trust Inc. (NYMT)
The current dividend for NYMT investors is set at $0.40 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -49.90%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of New York Mortgage Trust Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -6.30% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and NYMT is recording an average volume of 3.07M. On a monthly basis, the volatility of the stock is set at 3.09%, whereas on a weekly basis, it is put at 2.88%, with a loss of -3.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.69, showing growth from the present price of $2.72, which can serve as yet another indication of whether NYMT is worth investing in or should be passed over.
How Do You Analyze New York Mortgage Trust Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in NYMT shares?
The recent increase in stakes in NYMT appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in NYMT has increased by 1.06% in the first quarter. The company now owns 63,064,940 shares of the stock, with a value of $176.58 million, following the purchase of 664,163 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in NYMT during the first quarter, upping its stake by 1.27%. During the last quarter, the company picked up 315,262 additional shares for a total stake of worth $70.49 million, bringing number of shares owned by the company to 25,175,065.
During the first quarter, SSgA Funds Management, Inc. added a 245,757 position in NYMT. Allspring Global Investments LLC purchased an additional 49881.0 shares in the last quarter, increasing its holdings by 0.36%, now holding 14.09 million shares worth $39.44 million. At the end of the first quarter, Geode Capital Management LLC increased its NYMT holdings by 0.43% and now holds 6.92 million NYMT shares valued at $19.37 million with the added 29949.0 shares during the period. NYMT shares are owned by institutional investors to the tune of 55.90% at present.