Mercer Global Advisors Inc. ADV Purchases New Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Mercer Global Advisors Inc. ADV purchased a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,121 shares of the real estate investment trust’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of New York Mortgage Trust by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,049 shares of the real estate investment trust’s stock valued at $564,000 after purchasing an additional 15,840 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in New York Mortgage Trust during the 4th quarter worth $126,000. JPMorgan Chase & Co. grew its holdings in New York Mortgage Trust by 137.2% during the 4th quarter. JPMorgan Chase & Co. now owns 100,934 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 58,388 shares during the period. Van ECK Associates Corp grew its holdings in New York Mortgage Trust by 9.9% during 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 acquiring an additional 72,946 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in New York Mortgage Trust during the 4th quarter worth $407,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. B. Riley lifted their target price 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. Jones Trading reaffirmed a “buy” rating and set a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. Finally, StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 1st.

New York Mortgage Trust Trading Down 1.0%

NYMT opened at $7.12 on Friday. The stock has a market capitalization of $642.92 million, a P/E ratio of -6.25 and a beta of 1.24. New York Mortgage Trust, Inc. has a 12 month low of $5.02 and a 12 month high of $7.27. The firm’s fifty day simple moving average is $6.21 and its 200 day simple moving average is $6.17. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The business had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $27.84 million. As a group, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 11.24%. New York Mortgage Trust’s payout ratio 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.