Bank of New York Mellon Corp Has $5.38 Million Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Bank of New York Mellon Corp lifted its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,188 shares of the real estate investment trust’s stock after acquiring an additional 36,744 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.92% of New York Mortgage Trust worth $5,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NYMT. Jane Street Group LLC lifted its holdings in New York Mortgage Trust by 191.6% during the 4th quarter. Jane Street Group LLC now owns 479,428 shares of the real estate investment trust’s stock worth $2,905,000 after buying an additional 315,040 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in New York Mortgage Trust during the 4th quarter worth about $116,000. Allspring Global Investments Holdings LLC lifted its holdings in New York Mortgage Trust by 3.8% during the 1st 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 buying an additional 138,835 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of New York Mortgage Trust by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 93,049 shares of the real estate investment trust’s stock worth $564,000 after acquiring an additional 15,840 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of New York Mortgage Trust by 1.6% in the 1st quarter. New York State Teachers Retirement System now owns 129,512 shares of the real estate investment trust’s stock worth $841,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock opened at $6.98 on Friday. The company has a debt-to-equity ratio of 9.15, a current ratio of 11.43 and a quick ratio of 11.43. The business has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $6.39. The firm has a market capitalization of $630.28 million, a price-to-earnings ratio of -116.33 and a beta of 1.27. New York Mortgage Trust, Inc. has a one year low of $5.01 and a one year high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $33.10 million during the quarter, compared to analyst estimates of $27.84 million. New York Mortgage Trust had a return on equity of 2.51% and a net margin of 8.50%. On average, 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. 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 11.46%. The ex-dividend date of this dividend is Monday, June 23rd. New York Mortgage Trust’s dividend payout ratio is currently -1,333.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NYMT shares. B. Riley lifted their price objective on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Jones Trading reissued 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. UBS Group lifted their price objective on New York Mortgage Trust from $6.50 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.56.

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.