Nisa Investment Advisors LLC Decreases Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Nisa Investment Advisors LLC lowered its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,574 shares of the real estate investment trust’s stock after selling 28,235 shares during the quarter. Nisa Investment Advisors LLC’s holdings in New York Mortgage Trust were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in New York Mortgage Trust by 9.4% during the second quarter. LPL Financial LLC now owns 11,617 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 997 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position 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 acquiring an additional 1,615 shares during the last quarter. Belpointe Asset Management LLC increased its position 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 acquiring an additional 1,713 shares during the last quarter. SG Americas Securities LLC increased its position 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 acquiring an additional 1,979 shares during the last quarter. Finally, Captrust Financial Advisors increased its position 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 acquiring an additional 2,134 shares during the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports 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 reissued a “buy” rating and set a $11.00 price target (down previously from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th.

New York Mortgage Trust Stock Performance

NASDAQ:NYMT opened at $6.82 on Thursday. The stock has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $7.95. New York Mortgage Trust, Inc. has a 52-week low of $6.70 and a 52-week high of $10.63. The company has a debt-to-equity ratio of 4.21, a quick ratio of 4.29 and a current ratio of 4.29. The firm has a market capitalization of $622.26 million, a PE ratio of -6.89 and a beta of 1.92.

New York Mortgage Trust Dividend Announcement

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

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.