New York Mortgage Trust Receives a Hold from FBR Capital

By Jason Carr

FBR Capital analyst Jessica Levi-Ribner reiterated a Hold rating on New York Mortgage Trust (NASDAQ: NYMT) on November 1. The company’s shares closed yesterday at $5.91.

According to, Levi-Ribner is a 4-star analyst with an average return of 6.2% and a 70.7% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Arlington Asset Investment, NorthStar Asset Management, and Starwood Property Trust.

New York Mortgage Trust has an analyst consensus of Hold, with a price target consensus of $6.40.

New York Mortgage Trust’s market cap is currently $632.2M and has a P/E ratio of 13.43. The company has a book value ratio of 0.9189.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NYMT in relation to earlier this year.

New York Mortgage Trust, Inc. operates as a real estate investment trust, which acquires, invests and manages primarily mortgage-related assets and financial assets. It invests in mortgage-related and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments and other commercial real estate-related investments, agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. The company was founded on September 26, 2003 and is headquartered in New York, NY.