JPMorgan Chase & Co. Has $612,000 Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

JPMorgan Chase & Co. boosted its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 137.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,934 shares of the real estate investment trust’s stock after acquiring an additional 58,388 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.11% of New York Mortgage Trust worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of New York Mortgage Trust in the fourth quarter valued at approximately $49,000. McIlrath & Eck LLC bought a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at approximately $62,000. KLP Kapitalforvaltning AS acquired a new position in New York Mortgage Trust during the fourth quarter worth $98,000. Proficio Capital Partners LLC bought a new position in New York Mortgage Trust during the 4th quarter valued at about $126,000. Finally, EntryPoint Capital LLC bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $127,000. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Stock Performance

NYMT stock opened at $5.87 on Wednesday. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.18. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The firm has a market cap of $531.63 million, a PE ratio of -5.15 and a beta of 1.43. The business’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $6.06.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. As a group, research analysts forecast that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 13.63%. New York Mortgage Trust’s dividend payout ratio is currently -70.18%.

Analyst Upgrades and Downgrades

NYMT has been the subject of a number of research reports. B. Riley lowered their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. StockNews.com cut New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.00.

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.