New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 18.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,815 shares of the real estate investment trust’s stock after selling 4,994 shares during the period. Nisa Investment Advisors LLC’s holdings in New York Mortgage Trust were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NYMT. Vanguard Group Inc. grew its holdings in shares of New York Mortgage Trust by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust’s stock worth $38,918,000 after acquiring an additional 264,334 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of New York Mortgage Trust by 3.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,772,564 shares of the real estate investment trust’s stock worth $24,484,000 after acquiring an additional 138,835 shares during the last quarter. Invesco Ltd. grew its stake in New York Mortgage Trust by 20.3% in the fourth quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust’s stock worth $19,437,000 after purchasing an additional 542,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in New York Mortgage Trust by 10.2% in the fourth 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. Finally, Northern Trust Corp boosted its stake in New York Mortgage Trust by 15.5% in the fourth quarter. Northern Trust Corp now owns 1,148,179 shares of the real estate investment trust’s stock valued at $6,958,000 after acquiring an additional 154,181 shares during the period. 54.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NYMT shares. Jones Trading reaffirmed a “buy” rating and set a $7.50 price target on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley boosted their price target 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. UBS Group lifted their price objective on shares of New York Mortgage Trust from $6.50 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Finally, 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.56.

New York Mortgage Trust Stock Down 1.3%

New York Mortgage Trust stock opened at $6.69 on Friday. The company has a market cap of $604.11 million, a P/E ratio of -111.50 and a beta of 1.27. 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 fifty day simple moving average of $6.71 and a 200 day simple moving average of $6.36. 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 issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $27.84 million. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.96%. The ex-dividend date is Monday, June 23rd. New York Mortgage Trust’s payout ratio is presently -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.