New York State Teachers Retirement System Sells 4,000 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

New York State Teachers Retirement System cut its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,412 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of New York Mortgage Trust worth $807,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in New York Mortgage Trust by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 1,634 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in New York Mortgage Trust by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,901 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in New York Mortgage Trust by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,717 shares of the real estate investment trust’s stock valued at $531,000 after purchasing an additional 3,723 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of New York Mortgage Trust by 11.8% during the first quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 7,728 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in New York Mortgage Trust during the 3rd quarter valued at $76,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Trading Up 1.2 %

Shares of NASDAQ NYMT opened at $5.96 on Monday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $9.67. The company has a market cap of $539.86 million, a price-to-earnings ratio of -18.06 and a beta of 1.94. The business’s 50 day moving average price is $6.01 and its 200-day moving average price is $6.17. The company has a debt-to-equity ratio of 7.24, a quick ratio of 6.46 and a current ratio of 8.25.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 13.42%. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of New York Mortgage Trust in a research note on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target on the stock. StockNews.com downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.75.

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.