Janney Montgomery Scott LLC Sells 6,350 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Janney Montgomery Scott LLC decreased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,798 shares of the real estate investment trust’s stock after selling 6,350 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of New York Mortgage Trust worth $395,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Caxton Associates LP bought a new stake in shares of New York Mortgage Trust in the fourth quarter worth $69,000. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 2,014 shares during the period. Guggenheim Capital LLC acquired a new position in New York Mortgage Trust in the fourth quarter valued at $80,000. Stifel Financial Corp acquired a new position in New York Mortgage Trust in the fourth quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS acquired a new position in New York Mortgage Trust in the fourth quarter valued at $98,000. Institutional investors own 54.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NYMT. Jones Trading restated a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley boosted their target price on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a report 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 report on Thursday, May 1st.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.81 on Friday. The firm’s 50-day moving average price is $6.64 and its 200-day moving average price is $6.31. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.27. The firm has a market capitalization of $614.94 million, a P/E ratio of -113.50 and a beta of 1.27. The company has a current ratio of 11.43, a quick ratio of 11.43 and a debt-to-equity ratio of 9.15.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share 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 firm had revenue of $33.10 million for the quarter, compared to analyst estimates of $27.84 million. Equities research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.80 annualized dividend and a dividend yield of 11.75%. New York Mortgage Trust’s dividend payout ratio is currently -1,333.33%.

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.