Yousif Capital Management LLC Has $435,000 Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Yousif Capital Management LLC grew its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 11.7% during the 4th quarter, HoldingsChannel reports. The firm owned 51,046 shares of the real estate investment trust’s stock after purchasing an additional 5,352 shares during the quarter. Yousif Capital Management LLC’s holdings in New York Mortgage Trust were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. New York State Common Retirement Fund grew its position in New York Mortgage Trust by 19.7% in the fourth quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 5,594 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of New York Mortgage Trust during the 4th quarter valued at approximately $387,000. SG Americas Securities LLC increased its position in New York Mortgage Trust by 9.1% during the 4th quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 1,979 shares in the last quarter. Penserra Capital Management LLC lifted its stake in New York Mortgage Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust’s stock valued at $411,000 after purchasing an additional 6,095 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in New York Mortgage Trust by 7.0% in the third quarter. Wolverine Asset Management LLC now owns 975,993 shares of the real estate investment trust’s stock valued at $8,286,000 after buying an additional 63,504 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $6.15 on Tuesday. The company has a market capitalization of $561.06 million, a price-to-earnings ratio of -3.32 and a beta of 1.91. New York Mortgage Trust, Inc. has a twelve month low of $5.78 and a twelve month high of $10.63. The stock has a fifty day simple moving average of $7.06 and a 200 day simple moving average of $7.82. The company has a quick ratio of 4.29, a current ratio of 4.02 and a debt-to-equity ratio of 5.03.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.42). The company had revenue of $83.89 million during the quarter, compared to analyst estimates of $19.64 million. New York Mortgage Trust had a negative net margin of 44.65% and a negative return on equity of 2.60%. During the same period in the previous year, the company posted $0.11 EPS. Sell-side analysts expect that New York Mortgage Trust, Inc. will post 0.55 EPS for the current year.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, March 25th were given a $0.20 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.01%. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -43.24%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NYMT. B. Riley reiterated a “buy” rating and set a $11.00 price target (down from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th. Keefe, Bruyette & Woods dropped their target price on New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating for the company in a research report on Friday. Finally, StockNews.com cut New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday.

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.