New York Mortgage Trust (NASDAQ:NYMT) Hits New 12-Month Low at $6.70

New York Mortgage Trust, Inc. (NASDAQ:NYMT) reached a new 52-week low during trading on Tuesday . The stock traded as low as $6.70 and last traded at $6.74, with a volume of 91875 shares changing hands. The stock had previously closed at $6.87.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NYMT. StockNews.com raised shares of 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 issued a $11.00 price target (down from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th.

New York Mortgage Trust Stock Performance

The stock has a market capitalization of $622.26 million, a P/E ratio of -6.89 and a beta of 1.92. The company’s 50-day moving average is $7.19 and its two-hundred day moving average is $7.95. 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 Announces Dividend

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

Institutional Trading of New York Mortgage Trust

Several hedge funds have recently bought and sold shares of NYMT. Invesco Ltd. lifted its position in 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 valued at $21,935,000 after purchasing an additional 1,259,010 shares during the last quarter. State Street Corp raised its position in shares of 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 worth $54,204,000 after buying an additional 1,144,802 shares in the last quarter. Vanguard Group Inc. raised its position in shares of New York Mortgage Trust by 2.9% during the 1st 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. Goldman Sachs Group Inc. raised its position in shares of New York Mortgage Trust by 40.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,650,421 shares of the real estate investment trust’s stock worth $4,555,000 after buying an additional 472,391 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of New York Mortgage Trust by 42.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,323,220 shares of the real estate investment trust’s stock worth $11,287,000 after buying an additional 394,250 shares in the last quarter. 54.89% of the stock is currently owned by institutional investors.

New York Mortgage Trust Company 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.