New York Mortgage Trust, Inc. $NYMT Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 23.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,334 shares of the real estate investment trust’s stock after buying an additional 1,566 shares during the quarter. PNC Financial Services Group Inc.’s holdings in New York Mortgage Trust were worth $54,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in New York Mortgage Trust by 191.6% in 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 in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in New York Mortgage Trust in the 4th quarter worth $116,000. Allspring Global Investments Holdings LLC lifted its holdings in New York Mortgage Trust by 3.8% in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 buying an additional 15,840 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in 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 buying 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 Price Performance

Shares of NASDAQ:NYMT opened at $6.90 on Friday. The company has a quick ratio of 11.70, a current ratio of 11.70 and a debt-to-equity ratio of 10.13. 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 50-day simple moving average of $6.74 and a 200 day simple moving average of $6.50. The company has a market cap of $623.17 million, a PE ratio of 36.32 and a beta of 1.28.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. New York Mortgage Trust had a net margin of 12.50% and a return on equity of 7.59%. The business had revenue of $17.81 million during the quarter, compared to the consensus estimate of $38.67 million. On average, sell-side analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, June 23rd were given 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 of this dividend was Monday, June 23rd. New York Mortgage Trust’s dividend payout ratio is currently 421.05%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. 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. 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 report on Thursday, July 10th. B. Riley boosted their price objective on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Jones Trading reissued a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research report on Friday, May 2nd. Two 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, the company presently has an average rating of “Moderate Buy” and an average target price of $7.75.

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.