Rhumbline Advisers decreased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT – Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,402 shares of the real estate investment trust’s stock after selling 16,721 shares during the period. Rhumbline Advisers owned about 0.29% of New York Mortgage Trust worth $1,690,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust during 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 valued at $69,000. Tower Research Capital LLC TRC raised its holdings 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 valued at $78,000 after buying an additional 2,014 shares during the last quarter. Guggenheim Capital LLC acquired a new position in New York Mortgage Trust during the 4th quarter worth about $80,000. Finally, Stifel Financial Corp bought a new stake in New York Mortgage Trust during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 54.89% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. Jones Trading restated a “buy” rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a research report on Friday, May 2nd. Finally, B. Riley lifted 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.
New York Mortgage Trust Trading Down 1.9%
NYMT opened at $6.65 on Wednesday. The firm has a 50 day simple moving average of $6.33 and a 200 day simple moving average of $6.28. New York Mortgage Trust, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $7.27. The company has a market cap of $600.50 million, a price-to-earnings ratio of -110.83 and a beta of 1.28. The company has a debt-to-equity ratio of 9.15, a current ratio of 11.43 and a quick ratio of 11.43.
New York Mortgage Trust (NASDAQ:NYMT – Get Free Report) last issued its 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 net margin of 8.50% and a return on equity of 2.51%. The company had revenue of $33.10 million during the quarter, compared to analysts’ expectations of $27.84 million. On average, sell-side analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.
New York Mortgage Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date of this dividend is Monday, June 23rd. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -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.
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