Northern Trust Corp Increases Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Northern Trust Corp increased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,179 shares of the real estate investment trust’s stock after acquiring an additional 154,181 shares during the period. Northern Trust Corp owned approximately 1.27% of New York Mortgage Trust worth $6,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $49,000. Tower Research Capital LLC TRC raised its position in New York Mortgage Trust by 18.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 2,014 shares during the period. Guggenheim Capital LLC acquired a new stake in New York Mortgage Trust in the fourth quarter valued at approximately $80,000. Stifel Financial Corp purchased a new stake in New York Mortgage Trust during the 4th quarter worth $86,000. Finally, KLP Kapitalforvaltning AS purchased a new position in New York Mortgage Trust in the fourth quarter valued at about $98,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT opened at $7.02 on Tuesday. 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 12-month low of $5.02 and a 12-month high of $7.27. The company’s fifty day moving average is $6.21 and its two-hundred day moving average is $6.18. The company has a market cap of $633.89 million, a P/E ratio of -6.16 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share 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 the consensus estimate of $27.84 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. Equities analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio is currently -1,333.33%.

Analysts Set New Price Targets

NYMT has been the subject of a number of research reports. B. Riley lifted their price target on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Jones Trading restated a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research report on Friday, May 2nd. Finally, StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st.

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.