New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,530 shares of the real estate investment trust’s stock after buying an additional 12,791 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of New York Mortgage Trust worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in New York Mortgage Trust by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust’s stock worth $38,918,000 after purchasing an additional 264,334 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of New York Mortgage Trust by 0.3% in the fourth 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 buying an additional 12,237 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of New York Mortgage Trust by 9.9% during the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust’s stock worth $4,900,000 after buying an additional 72,946 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of New York Mortgage Trust by 19.5% during the fourth quarter. Bank of New York Mellon Corp now owns 792,444 shares of the real estate investment trust’s stock valued at $4,802,000 after buying an additional 129,079 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of New York Mortgage Trust by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 439,263 shares of the real estate investment trust’s stock valued at $2,662,000 after acquiring an additional 12,275 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

Shares of New York Mortgage Trust stock opened at $6.65 on Friday. The firm has a market cap of $600.48 million, a PE ratio of -5.83 and a beta of 1.24. The business has a 50-day moving average price of $6.23 and a 200 day moving average price of $6.07. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. New York Mortgage Trust, Inc. has a twelve month low of $5.02 and a twelve month high of $7.11.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. 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 $33.10 million for the quarter, compared to analyst estimates of $27.84 million. Sell-side analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.03%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust’s payout ratio is -1,333.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NYMT. B. Riley raised their price objective on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday. Jones Trading reissued a “buy” rating and set a $7.50 price target on shares of New York Mortgage Trust in a research report on Friday. Finally, StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.38.

New York Mortgage Trust Company 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.