New York Mortgage Trust Inc. (NASDAQ: NYMT) is 12.74% higher on its value in year-to-date trading and has touched a low of $0.98 and a high of $6.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NYMT stock was last observed hovering at around $4.09 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $4.00 for the next 12 months. It is also 7.56% off the consensus price target high of $4.50 offered by 9 analysts, but current levels are -18.86% lower than the price target low of $3.50 for the same period.
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Currently trading at $4.16, the stock is 5.32% and 9.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.46 million and changing 1.71% at the moment leaves the stock 41.36% off its SMA200. NYMT registered -33.65% loss for a year compared to 6-month gain of 56.39%. The firm has a 50-day simple moving average (SMA 50) of $3.8585 and a 200-day simple moving average (SMA200) of $3.1889.
The stock witnessed a 6.39% loss in the last 1 month and extending the period to 3 months gives it a 25.68%, and is 4.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.80% over the month.
New York Mortgage Trust Inc. (NYMT) has around 55 employees, a market worth around $1.52B and $135.30M in sales. Fwd P/E is 10.20. Distance from 52-week low is 323.58% and -34.38% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).
New York Mortgage Trust Inc. (NYMT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for New York Mortgage Trust Inc. (NYMT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.60, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
New York Mortgage Trust Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $35.37M over the same period.The EPS is expected to grow by 5.40% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to shrink -19.60% in year-over-year returns.
New York Mortgage Trust Inc. (NYMT) Top Institutional Holders
274 institutions hold shares in New York Mortgage Trust Inc. (NYMT), with 2.47M shares held by insiders accounting for 0.65% while institutional investors hold 54.68% of the company’s shares. The shares outstanding are 377.74M, and float is at 374.70M with Short Float at 2.58%. Institutions hold 54.32% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 67.27 million shares valued at $248.24 million. The investor’s holdings represent 17.81% of the NYMT Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 23.44 million shares valued at $86.48 million to account for 6.20% of the shares outstanding. The other top investors are State Street Corporation which holds 12.37 million shares representing 3.28% and valued at over $45.65 million, while Wells Fargo & Company holds 2.05% of the shares totaling 7.73 million with a market value of $28.51 million.
New York Mortgage Trust Inc. (NYMT) Insider Activity
A total of 20 insider transactions have happened at New York Mortgage Trust Inc. (NYMT) in the last six months, with sales accounting for 9 and purchases happening 11 times. The most recent transaction is an insider purchase by Nario-Eng Kristine Rimando, the company’s Chief Financial Officer. SEC filings show that Nario-Eng Kristine Rimando bought 7,500 shares of the company’s common stock on Mar 13 at a price of $4.00 per share for a total of $30000.0. Following the purchase, the insider now owns 0.12 million shares.
New York Mortgage Trust Inc. disclosed in a document filed with the SEC on Mar 13 that Mumma Steven R (CEO) bought a total of 32,000 shares of the company’s common stock. The trade occurred on Mar 13 and was made at $4.02 per share for $0.13 million. Following the transaction, the insider now directly holds 1.0 million shares of the NYMT stock.
Still, SEC filings show that on Mar 13, Reese Nathan R (Chief Operating Officer) acquired 5,000 shares at an average price of $4.22 for $21099.0. The insider now directly holds 138,267 shares of New York Mortgage Trust Inc. (NYMT).
New York Mortgage Trust Inc. (NYMT): Who are the competitors?
The company’s main competitors (and peers) include PennyMac Mortgage Investment Trust (PMT) that is trading -18.08% down over the past 12 months. AGNC Investment Corp. (AGNC) is -14.28% down on the 1-year trading charts. Short interest in the company’s stock has risen 25.62% from the last report on Dec 30, 2020 to stand at a total of 7.2 million short shares sold with a short interest ratio of 2.79.