New York Mortgage Trust, Inc. (NASDAQ:NYMT) Stock Holdings Lessened by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,346 shares of the real estate investment trust’s stock after selling 10,510 shares during the quarter. ProShare Advisors LLC’s holdings in New York Mortgage Trust were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of New York Mortgage Trust in the fourth quarter worth approximately $49,000. Caxton Associates LP bought a new position in New York Mortgage Trust during the fourth quarter valued at approximately $69,000. Tower Research Capital LLC TRC raised its position in New York Mortgage Trust by 18.4% during 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 acquiring an additional 2,014 shares in the last quarter. Guggenheim Capital LLC bought a new position in New York Mortgage Trust during the fourth quarter valued at approximately $80,000. Finally, Stifel Financial Corp bought a new position in New York Mortgage Trust during the fourth quarter valued at approximately $86,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

Shares of NYMT opened at $6.55 on Monday. The firm has a market cap of $591.45 million, a PE ratio of -5.75 and a beta of 1.24. The firm’s 50 day moving average price is $6.18 and its 200 day moving average price is $6.23. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. New York Mortgage Trust, Inc. has a twelve month low of $5.02 and a twelve month high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results 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 return on equity of 1.39% and a negative net margin of 15.46%. The company had revenue of $33.10 million for the quarter, compared to the consensus estimate of $27.84 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 business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were issued 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 12.21%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -1,333.33%.

Wall Street Analysts Forecast Growth

NYMT has been the topic of several recent research reports. B. Riley raised their price objective on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wall Street Zen raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Jones Trading reaffirmed a “buy” rating and set a $7.50 price objective on shares of New York Mortgage Trust in a research report on Friday, May 2nd.

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.