New York Mortgage Trust, Inc. (NASDAQ:NYMT) Stock Position Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 133,012 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. New York State Teachers Retirement System’s holdings in New York Mortgage Trust were worth $1,135,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of New York Mortgage Trust by 9.4% in the second quarter. LPL Financial LLC now owns 11,617 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 997 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in New York Mortgage Trust by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 30,060 shares of the real estate investment trust’s stock valued at $298,000 after buying an additional 1,615 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in New York Mortgage Trust by 71.9% during the first quarter. Belpointe Asset Management LLC now owns 4,095 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,713 shares in the last quarter. SG Americas Securities LLC boosted its stake in New York Mortgage Trust by 9.1% during the fourth quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,979 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in New York Mortgage Trust by 8.3% during the second quarter. Captrust Financial Advisors now owns 27,916 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 2,134 shares in the last quarter. Institutional investors own 54.89% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NYMT shares. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. B. Riley reaffirmed a “buy” rating and set a $11.00 target price (down from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th.

New York Mortgage Trust Stock Up 1.3 %

Shares of New York Mortgage Trust stock opened at $6.82 on Thursday. The stock has a 50-day moving average price of $7.19 and a 200 day moving average price of $7.95. The company has a market cap of $622.26 million, a P/E ratio of -6.89 and a beta of 1.92. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.21. New York Mortgage Trust, Inc. has a 1 year low of $6.70 and a 1 year high of $10.63.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.73%. The ex-dividend date of this dividend is Friday, March 22nd. New York Mortgage Trust’s dividend payout ratio is currently -80.81%.

About New York Mortgage Trust

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.