Two Sigma Investments LP Increases Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Two Sigma Investments LP increased its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 2,225.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 251,406 shares of the real estate investment trust’s stock after purchasing an additional 240,597 shares during the quarter. Two Sigma Investments LP owned about 0.28% of New York Mortgage Trust worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. State of Wyoming purchased a new position in New York Mortgage Trust during the fourth quarter worth about $112,000. Quantinno Capital Management LP purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of New York Mortgage Trust by 10.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,909 shares of the real estate investment trust’s stock worth $8,544,000 after purchasing an additional 130,499 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth about $418,000. Finally, Graham Capital Management L.P. boosted its holdings in shares of New York Mortgage Trust by 21.5% in the 4th quarter. Graham Capital Management L.P. now owns 91,769 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 16,269 shares in the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NYMT has been the subject of a number of recent research reports. Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. B. Riley boosted their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Jones Trading reissued a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research note on Friday, May 2nd.

New York Mortgage Trust Trading Up 2.0%

NASDAQ NYMT opened at $6.55 on Wednesday. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.27. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The stock has a 50-day moving average of $6.17 and a 200-day moving average of $6.23. The firm has a market cap of $591.45 million, a PE ratio of -5.75 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 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $33.10 million during the quarter, compared to analyst estimates 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%. As a group, sell-side analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.21%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio is currently -1,333.33%.

New York Mortgage Trust 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.