SG Americas Securities LLC Cuts Place in New York Mortgage Belief, Inc. (NASDAQ:NYMT) – Protection WorldAugust 17, 2022
Posted by admin on Aug fifteenth, 2022
SG Americas Securities LLC decreased its stake in shares of New York Mortgage Belief, Inc. (NASDAQ:NYMT – Get Score) by 95.0% through the 1st quarter, in line with the corporate in its most up-to-date 13F submitting with the SEC. The agency owned 11,872 shares of the actual property funding belief’s inventory after promoting 225,745 shares through the quarter. SG Americas Securities LLC’s holdings in New York Mortgage Belief have been price $43,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds have additionally modified their holdings of NYMT. CWM LLC raised its holdings in shares of New York Mortgage Belief by 92.9% through the 1st quarter. CWM LLC now owns 7,386 shares of the actual property funding belief’s inventory valued at $27,000 after shopping for a further 3,558 shares through the interval. Sciencast Administration LP bought a brand new stake in shares of New York Mortgage Belief through the 1st quarter valued at about $43,000. GPS Wealth Methods Group LLC bought a brand new stake in shares of New York Mortgage Belief through the 1st quarter valued at about $51,000. GHP Funding Advisors Inc. bought a brand new stake in shares of New York Mortgage Belief through the 4th quarter valued at about $56,000. Lastly, Morling Monetary Advisors LLC bought a brand new stake in shares of New York Mortgage Belief through the 4th quarter valued at about $65,000. 54.25% of the inventory is at the moment owned by hedge funds and different institutional traders.
A number of brokerages not too long ago commented on NYMT. Jonestrading dropped their goal value on New York Mortgage Belief from $4.25 to $4.00 and set a “purchase” score on the inventory in a report on Thursday, August 4th. StockNews.com downgraded shares of New York Mortgage Belief from a “maintain” score to a “promote” score in a analysis report on Tuesday, Could tenth. Keefe, Bruyette & Woods lower shares of New York Mortgage Belief from an “outperform” score to a “market carry out” score and set a $3.00 value goal on the inventory. in a report on Monday, July 18th. Barclays decreased their value goal on shares of New York Mortgage Belief from $3.50 to $3.00 and set an “equal weight” score on the inventory in a analysis notice on Monday, July 18th. Lastly, TheStreet downgraded shares of New York Mortgage Belief from a “c-” score to a “d+” score in a analysis notice on Wednesday, August third. Two equities analysis analysts have rated the inventory with a promote score, two have given a maintain score and two have given a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, New York Mortgage Belief presently has a median score of “Maintain” and a median value goal of $3.71.
Shares of NASDAQ:NYMT opened at $3.06 on Monday. The inventory has a market capitalization of $1.17 billion, a price-to-earnings ratio of -10.93 and a beta of 1.70. New York Mortgage Belief, Inc. has a 1-year low of $2.24 and a 1-year excessive of $4.50. The corporate’s fifty day shifting common is $2.84 and its two-hundred day shifting common is $3.21. The corporate has a debt-to-equity ratio of two.30, a fast ratio of three.87 and a present ratio of three.87.
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Monday, July twenty fifth. Shareholders of document on Monday, June twenty seventh have been issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June twenty fourth. This represents a $0.40 dividend on an annualized foundation and a dividend yield of 13.07%. New York Mortgage Belief’s dividend payout ratio (DPR) is -142.85%.
New York Mortgage Belief, Inc acquires, invests in, funds, and manages mortgage-related single-family and multi-family residential property in the US. Its focused investments embrace residential loans, second mortgages, and enterprise function loans; structured multi-family property investments, equivalent to most well-liked 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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