New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,331,678 shares of the real estate investment trust’s stock after selling 195,164 shares during the period. Charles Schwab Investment Management Inc. owned about 1.47% of New York Mortgage Trust worth $8,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in New York Mortgage Trust during the 3rd quarter worth approximately $76,000. Calton & Associates Inc. acquired a new position in New York Mortgage Trust during the 3rd quarter worth approximately $82,000. Evergreen Capital Management LLC acquired a new position in New York Mortgage Trust during the 2nd quarter worth approximately $83,000. AQR Capital Management LLC acquired a new position in New York Mortgage Trust during the 2nd quarter worth approximately $83,000. Finally, Entropy Technologies LP raised its position in shares of New York Mortgage Trust by 53.9% in the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 6,700 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.55 on Wednesday. New York Mortgage Trust, Inc. has a twelve month low of $5.14 and a twelve month high of $9.67. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The company has a market capitalization of $593.30 million, a price-to-earnings ratio of -19.85 and a beta of 1.94. The business has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $6.13.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.21%. New York Mortgage Trust’s dividend payout ratio (DPR) is -242.42%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NYMT. StockNews.com lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Janney Montgomery Scott began coverage on New York Mortgage Trust in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.