Millennium Management LLC Has $375,000 Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Millennium Management LLC cut its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,944 shares of the real estate investment trust’s stock after selling 4,030 shares during the quarter. Millennium Management LLC owned about 0.07% of New York Mortgage Trust worth $375,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust in the fourth quarter valued at approximately $49,000. Caxton Associates LP acquired a new stake in shares of New York Mortgage Trust in the fourth quarter worth $69,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 worth $78,000 after buying an additional 2,014 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of New York Mortgage Trust in the fourth quarter worth $80,000. Finally, Stifel Financial Corp acquired a new stake in shares of New York Mortgage Trust in the fourth quarter worth $86,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

New York Mortgage Trust Trading Up 2.2%

Shares of NYMT stock opened at $6.96 on Wednesday. New York Mortgage Trust, Inc. has a 1 year low of $5.02 and a 1 year high of $7.27. The firm’s fifty day simple moving average is $6.20 and its 200 day simple moving average is $6.26. The firm has a market capitalization of $628.47 million, a P/E ratio of -6.11 and a beta of 1.28. 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 announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $27.84 million. As a group, sell-side analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors 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 yield of 11.49%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) 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.