SG Americas Securities LLC Purchases 86,328 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

SG Americas Securities LLC boosted its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTGet Rating) by 727.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,200 shares of the real estate investment trust’s stock after purchasing an additional 86,328 shares during the period. SG Americas Securities LLC’s holdings in New York Mortgage Trust were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of New York Mortgage Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 25,413,787 shares of the real estate investment trust’s stock valued at $92,760,000 after acquiring an additional 714,954 shares during the last quarter. State Street Corp increased its holdings in New York Mortgage Trust by 8.6% during the 1st quarter. State Street Corp now owns 14,478,874 shares of the real estate investment trust’s stock valued at $54,204,000 after purchasing an additional 1,144,802 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in New York Mortgage Trust by 0.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 14,113,661 shares of the real estate investment trust’s stock valued at $38,953,000 after purchasing an additional 45,261 shares during the last quarter. Invesco Ltd. boosted its stake in New York Mortgage Trust by 26.5% in the first quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust’s stock worth $21,935,000 after purchasing an additional 1,259,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 purchasing an additional 142,372 shares during the last quarter. 54.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NYMT shares. StockNews.com raised New York Mortgage Trust to a “sell” rating in a report on Monday, September 26th. Keefe, Bruyette & Woods lowered shares of New York Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $3.00 price target for the company. in a report on Monday, July 18th. Jonestrading reduced their price objective on New York Mortgage Trust from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Barclays lowered their target price on New York Mortgage Trust from $3.50 to $3.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, B. Riley cut their price target on New York Mortgage Trust from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, New York Mortgage Trust has a consensus rating of “Hold” and an average price target of $3.82.

New York Mortgage Trust Stock Performance

Shares of NYMT stock opened at $2.62 on Wednesday. The stock has a market cap of $998.87 million, a PE ratio of -3.68 and a beta of 1.70. The stock has a 50-day moving average of $2.57 and a 200-day moving average of $2.81. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.31 and a quick ratio of 3.87. New York Mortgage Trust, Inc. has a one year low of $2.07 and a one year high of $4.38.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Monday, September 26th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.27%. New York Mortgage Trust’s payout ratio is -56.34%.

About New York Mortgage Trust

(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.

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

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