Calton & Associates Inc. Has $28,000 Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Calton & Associates Inc. decreased its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTGet Rating) by 40.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,184 shares of the real estate investment trust’s stock after selling 6,816 shares during the quarter. Calton & Associates Inc.’s holdings in New York Mortgage Trust were worth $28,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of New York Mortgage Trust by 2.9% during the first quarter. Vanguard Group Inc. now owns 25,413,787 shares of the real estate investment trust’s stock worth $92,760,000 after buying an additional 714,954 shares in the last quarter. State Street Corp lifted its holdings in shares of New York Mortgage Trust by 8.6% during the first quarter. State Street Corp now owns 14,478,874 shares of the real estate investment trust’s stock worth $54,204,000 after buying an additional 1,144,802 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of New York Mortgage Trust by 26.5% during the first quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust’s stock worth $21,935,000 after buying an additional 1,259,010 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of New York Mortgage Trust by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,087,670 shares of the real estate investment trust’s stock worth $14,920,000 after buying an additional 142,372 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of New York Mortgage Trust by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 4,044,476 shares of the real estate investment trust’s stock worth $14,763,000 after purchasing an additional 153,495 shares during the period. Institutional investors and hedge funds own 54.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NYMT. Credit Suisse Group decreased their price target on New York Mortgage Trust to $3.50 in a research report on Friday, July 22nd. Jonestrading decreased their price target on New York Mortgage Trust from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Keefe, Bruyette & Woods cut New York Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $3.00 price target on the stock. in a research report on Monday, July 18th. TheStreet cut New York Mortgage Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, August 3rd. Finally, Barclays decreased their price target on New York Mortgage Trust from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, New York Mortgage Trust has a consensus rating of “Hold” and an average target price of $3.71.

New York Mortgage Trust Stock Performance

New York Mortgage Trust stock opened at $2.72 on Thursday. The business’s 50-day moving average price is $2.91 and its two-hundred day moving average price is $3.07. New York Mortgage Trust, Inc. has a 12-month low of $2.24 and a 12-month high of $4.50. The stock has a market cap of $1.04 billion, a PE ratio of -9.71 and a beta of 1.71. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 2.30.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Monday, September 26th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date of this dividend is Friday, September 23rd. New York Mortgage Trust’s payout ratio is -142.85%.

New York Mortgage Trust Company Profile

(Get Rating)

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

See Also

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Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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