California State Teachers Retirement System Sells 360,257 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

California State Teachers Retirement System lowered its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 75.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 115,890 shares of the real estate investment trust’s stock after selling 360,257 shares during the period. California State Teachers Retirement System owned approximately 0.13% of New York Mortgage Trust worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of New York Mortgage Trust by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,414,738 shares of the real estate investment trust’s stock worth $61,810,000 after purchasing an additional 664,045 shares during the period. State Street Corp lifted its stake in shares of New York Mortgage Trust by 1.7% in the 2nd quarter. State Street Corp now owns 14,724,631 shares of the real estate investment trust’s stock worth $42,085,000 after purchasing an additional 245,757 shares during the period. Geode Capital Management LLC lifted its stake in shares of New York Mortgage Trust by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,350,959 shares of the real estate investment trust’s stock worth $18,818,000 after purchasing an additional 91,487 shares during the period. Invesco Ltd. lifted its stake in shares of New York Mortgage Trust by 26.5% in the 1st 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of New York Mortgage Trust by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,478,974 shares of the real estate investment trust’s stock worth $11,466,000 after purchasing an additional 58,010 shares during the period. Institutional investors own 52.98% of the company’s stock.

New York Mortgage Trust Trading Up 0.5 %

Shares of NYMT opened at $9.57 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 8.73 and a quick ratio of 8.73. New York Mortgage Trust, Inc. has a 1 year low of $8.28 and a 1 year high of $12.96. The company has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $9.89. The firm has a market cap of $873.26 million, a P/E ratio of -4.47 and a beta of 1.79.

New York Mortgage Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, June 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 12.54%. The ex-dividend date of this dividend was Thursday, June 15th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -56.07%.

Analyst Ratings Changes

NYMT has been the topic of a number of recent analyst reports. B. Riley decreased their target price on shares of New York Mortgage Trust from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Maxim Group decreased their target price on shares of New York Mortgage Trust from $14.00 to $13.00 in a research note on Tuesday, May 9th. Finally, StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.67.

New York Mortgage Trust Profile

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, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.