New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,514 shares of the real estate investment trust’s stock after buying an additional 21,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of New York Mortgage Trust worth $991,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NYMT. Sequoia Financial Advisors LLC acquired a new position in shares of New York Mortgage Trust in the 3rd quarter valued at $76,000. Calton & Associates Inc. purchased a new stake in New York Mortgage Trust during the third quarter valued at about $82,000. Evergreen Capital Management LLC acquired a new stake in New York Mortgage Trust during the second quarter worth about $83,000. AQR Capital Management LLC purchased a new position in shares of New York Mortgage Trust in the 2nd quarter worth about $83,000. Finally, Entropy Technologies LP lifted its stake 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. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.75.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.04 on Thursday. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $9.02. The company has a market capitalization of $547.10 million, a price-to-earnings ratio of -18.30 and a beta of 1.94. The business has a 50-day moving average of $5.89 and a 200-day moving average of $6.15.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is presently -242.42%.

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.