Maryland State Retirement & Pension System Sells 3,193 Shares of New York Mortgage Trust, Inc. $NYMT

Maryland State Retirement & Pension System reduced its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,192 shares of the real estate investment trust’s stock after selling 3,193 shares during the period. Maryland State Retirement & Pension System’s holdings in New York Mortgage Trust were worth $176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NYMT. PNC Financial Services Group Inc. increased its holdings in New York Mortgage Trust by 23.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,566 shares in the last quarter. Caxton Associates LP bought a new stake in shares of New York Mortgage Trust during the fourth quarter worth about $69,000. Tower Research Capital LLC TRC increased 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 valued at $78,000 after buying an additional 2,014 shares during the period. Guggenheim Capital LLC bought a new position in New York Mortgage Trust in the 4th quarter valued at approximately $80,000. Finally, Stifel Financial Corp bought a new position in New York Mortgage Trust in the 4th quarter valued at approximately $86,000. Institutional investors own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

NYMT has been the topic of several analyst reports. UBS Group boosted their price objective on shares of New York Mortgage Trust from $6.50 to $6.75 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. B. Riley increased 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 research report on Friday, May 2nd. Finally, Jones Trading restated a “buy” rating and set a $7.50 price target on shares of New York Mortgage Trust in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, New York Mortgage Trust currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

New York Mortgage Trust Trading Up 1.5%

NYMT opened at $6.92 on Wednesday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.01 and a fifty-two week high of $7.27. The firm has a market capitalization of $624.95 million, a PE ratio of 36.42 and a beta of 1.28. The company has a debt-to-equity ratio of 10.13, a current ratio of 11.70 and a quick ratio of 11.70. The company’s 50-day moving average is $6.73 and its 200 day moving average is $6.49.

New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $17.81 million during the quarter, compared to analyst estimates of $38.67 million. New York Mortgage Trust had a net margin of 12.50% and a return on equity of 7.59%. As a group, research analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Monday, June 23rd. New York Mortgage Trust’s payout ratio is presently 421.05%.

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.