Swiss National Bank Has $1.14 Million Stake in New York Mortgage Trust, Inc. $NYMT

Swiss National Bank decreased its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,430 shares of the real estate investment trust’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned approximately 0.19% of New York Mortgage Trust worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NYMT. LPL Financial LLC acquired a new position in New York Mortgage Trust in the fourth quarter worth $129,000. JPMorgan Chase & Co. increased its holdings in New York Mortgage Trust by 137.2% in the fourth quarter. JPMorgan Chase & Co. now owns 100,934 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 58,388 shares during the last quarter. Wells Fargo & Company MN increased its holdings in New York Mortgage Trust by 18.1% in the fourth quarter. Wells Fargo & Company MN now owns 83,530 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 12,791 shares during the last quarter. Barclays PLC increased its holdings in New York Mortgage Trust by 5.7% in the fourth quarter. Barclays PLC now owns 159,482 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 8,536 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new position in New York Mortgage Trust in the fourth quarter valued at about $80,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Stock Performance

NYMT opened at $7.10 on Tuesday. The business has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $6.52. The company has a market capitalization of $641.20 million, a PE ratio of 37.37 and a beta of 1.28. New York Mortgage Trust, Inc. has a 1 year low of $5.01 and a 1 year high of $7.27. The company has a debt-to-equity ratio of 10.13, a current ratio of 11.70 and a quick ratio of 11.70.

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

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, June 23rd were paid a $0.20 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.80 annualized dividend and a yield of 11.3%. New York Mortgage Trust’s payout ratio is 421.05%.

Analyst Ratings Changes

A number of research analysts have issued reports on NYMT shares. Jones Trading reissued a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research note on Friday, May 2nd. B. Riley upped 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. Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, UBS Group upped 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

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.