Deutsche Bank AG Reduces Holdings in New York Mortgage Trust, Inc. $NYMT

Deutsche Bank AG decreased its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 10.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 80,001 shares of the real estate investment trust’s stock after selling 9,183 shares during the period. Deutsche Bank AG owned approximately 0.09% of New York Mortgage Trust worth $519,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

NYMT has been the subject of a number of research reports. Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. UBS Group lifted their target price on 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 lifted their target price on 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 reaffirmed a “buy” rating and set a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, New York Mortgage Trust presently has an average rating of “Moderate Buy” and an average target price of $7.75.

New York Mortgage Trust Trading Up 0.8%

Shares of NASDAQ:NYMT opened at $7.16 on Wednesday. New York Mortgage Trust, Inc. has a 12-month low of $5.01 and a 12-month high of $7.27. The company has a market capitalization of $646.62 million, a PE ratio of 37.68 and a beta of 1.28. The business has a 50 day moving average of $6.76 and a two-hundred day moving average of $6.52. The company has a current ratio of 11.70, a quick ratio of 11.70 and a debt-to-equity ratio of 10.13.

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

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 11.2%. New York Mortgage Trust’s payout ratio is presently 421.05%.

New York Mortgage Trust Company 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.