LPL Financial LLC Purchases Shares of 21,239 New York Mortgage Trust, Inc. (NASDAQ:NYMT)

LPL Financial LLC purchased a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,239 shares of the real estate investment trust’s stock, valued at approximately $129,000.

Other large investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of New York Mortgage Trust during the third quarter worth about $62,000. Barclays PLC raised its holdings in shares of New York Mortgage Trust by 347.4% during the 3rd quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 117,206 shares during the period. Janney Montgomery Scott LLC acquired a new position in New York Mortgage Trust during the 4th quarter worth approximately $407,000. Allspring Global Investments Holdings LLC boosted its holdings in New York Mortgage Trust by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock worth $22,311,000 after acquiring an additional 12,237 shares during the period. Finally, Van ECK Associates Corp grew its position in New York Mortgage Trust by 9.9% in the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust’s stock valued at $4,900,000 after acquiring an additional 72,946 shares in the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NYMT shares. B. Riley reduced their target price on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Stock Performance

NYMT opened at $5.87 on Thursday. New York Mortgage Trust, Inc. has a 12-month low of $5.02 and a 12-month high of $7.18. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The stock has a market capitalization of $531.63 million, a PE ratio of -5.15 and a beta of 1.43. The firm’s fifty day moving average price is $6.24 and its 200 day moving average price is $6.06.

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

New York Mortgage Trust Dividend Announcement

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

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.