Almitas Capital LLC lowered its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,512 shares of the real estate investment trust's stock after selling 114,627 shares during the quarter. Almitas Capital LLC owned approximately 0.08% of New York Mortgage Trust worth $427,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at approximately $116,000. 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 valued at $2,905,000 after purchasing an additional 315,040 shares during the last quarter. Northern Trust Corp increased its holdings in shares of New York Mortgage Trust by 15.5% in the fourth quarter. Northern Trust Corp now owns 1,148,179 shares of the real estate investment trust's stock valued at $6,958,000 after purchasing an additional 154,181 shares during the last quarter. Syon Capital LLC raised its position in shares of New York Mortgage Trust by 167.6% in the fourth quarter. Syon Capital LLC now owns 34,065 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 21,337 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of New York Mortgage Trust by 20.5% during 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 during the period. 54.89% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
NYMT has been the subject of a number of research analyst reports. StockNews.com upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday. Jones Trading reiterated a "buy" rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a research note on Friday. Finally, B. Riley raised their target price 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.38.
Check Out Our Latest Research Report on NYMT
New York Mortgage Trust Price Performance
Shares of NYMT traded down $0.05 during midday trading on Monday, hitting $6.60. The company's stock had a trading volume of 652,731 shares, compared to its average volume of 692,059. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. New York Mortgage Trust, Inc. has a one year low of $5.02 and a one year high of $7.11. The stock has a market capitalization of $595.97 million, a price-to-earnings ratio of -5.79 and a beta of 1.24. The company's fifty day simple moving average is $6.23 and its two-hundred day simple moving average is $6.08.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The firm had revenue of $33.10 million during the quarter, compared to the consensus estimate of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. As a group, equities analysts expect that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.
New York Mortgage Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.12%. New York Mortgage Trust's dividend payout ratio is -1,333.33%.
About New York Mortgage Trust
(
Free Report)
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.
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