MetLife Investment Management LLC Raises Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

MetLife Investment Management LLC lifted its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,087 shares of the real estate investment trust’s stock after buying an additional 14,233 shares during the period. MetLife Investment Management LLC owned about 0.06% of New York Mortgage Trust worth $334,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of New York Mortgage Trust by 20.3% in the 4th quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust’s stock worth $19,437,000 after acquiring an additional 542,002 shares in the last quarter. Vanguard Group Inc. grew its position 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. Bank of New York Mellon Corp increased its stake in New York Mortgage Trust by 19.5% in the 4th 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. Barclays PLC lifted its position 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 worth $955,000 after buying an additional 117,206 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of New York Mortgage Trust by 9.9% in the 4th 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 last quarter. Institutional investors own 54.89% of the company’s stock.

Analyst Ratings Changes

NYMT has been the topic of a number of recent analyst reports. Jones Trading reiterated a “buy” rating and set a $7.50 price target on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley boosted their price target on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.38.

New York Mortgage Trust Stock Performance

Shares of NYMT opened at $6.44 on Wednesday. New York Mortgage Trust, Inc. has a 1 year low of $5.02 and a 1 year high of $7.11. 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’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $6.09. The firm has a market cap of $581.52 million, a PE ratio of -5.65 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data 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. The business had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. On average, equities research analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.42%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -1,333.33%.

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.