Kestra Private Wealth Services LLC Invests $115,000 in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Kestra Private Wealth Services LLC acquired a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,175 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Several other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in New York Mortgage Trust by 9.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,614 shares of the real estate investment trust’s stock worth $11,849,000 after acquiring an additional 121,716 shares during the period. Penserra Capital Management LLC raised its stake in New York Mortgage Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 6,095 shares during the period. SG Americas Securities LLC raised its stake 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 acquiring an additional 1,979 shares during the period. Nisa Investment Advisors LLC raised its stake in New York Mortgage Trust by 13.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 95,809 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 11,721 shares during the period. Finally, Yousif Capital Management LLC raised its stake in New York Mortgage Trust by 11.7% during the 4th quarter. Yousif Capital Management LLC now owns 51,046 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 5,352 shares during the period. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Trading Up 2.7 %

NYMT stock opened at $6.18 on Friday. The firm has a fifty day moving average price of $6.98 and a 200 day moving average price of $7.77. New York Mortgage Trust, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $10.63. The company has a debt-to-equity ratio of 5.03, a quick ratio of 4.29 and a current ratio of 4.02. The firm has a market cap of $563.79 million, a PE ratio of -3.34 and a beta of 1.91.

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

New York Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, March 25th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.94%. The ex-dividend date was Friday, March 22nd. New York Mortgage Trust’s payout ratio is -43.24%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NYMT. Keefe, Bruyette & Woods decreased their target price on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. UBS Group reduced their price objective on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday. B. Riley reiterated a “buy” rating and set a $11.00 price objective (down previously from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th. Finally, StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

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.