Y Intercept Hong Kong Ltd acquired a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,939 shares of the real estate investment trust's stock, valued at approximately $285,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at about $98,000. LPL Financial LLC bought a new position in New York Mortgage Trust in the 4th quarter worth approximately $129,000. Vanguard Group Inc. raised its stake in shares of New York Mortgage Trust by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock valued at $38,918,000 after acquiring an additional 264,334 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $612,000 after buying an additional 58,388 shares during the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $506,000 after purchasing an additional 12,791 shares during the last quarter. Institutional investors and hedge funds own 54.89% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on NYMT shares. B. Riley upped their price objective on 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. 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 upped their target price on New York Mortgage Trust from $6.50 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Jones Trading reissued a "buy" rating and set a $7.50 price target on shares of New York Mortgage Trust in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, New York Mortgage Trust currently has an average rating of "Hold" and a consensus target price of $7.56.
Check Out Our Latest Stock Analysis on NYMT
New York Mortgage Trust Stock Performance
Shares of New York Mortgage Trust stock traded down $0.08 during mid-day trading on Wednesday, hitting $6.74. 819,142 shares of the stock were exchanged, compared to its average volume of 514,348. The company has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $6.41. The company has a market capitalization of $608.62 million, a P/E ratio of -112.33 and a beta of 1.27. 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 debt-to-equity ratio of 9.15, a quick ratio of 11.43 and a current ratio of 11.43.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) 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, topping analysts' consensus estimates of $0.20 by $0.02. New York Mortgage Trust had a net margin of 8.50% and a return on equity of 2.51%. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.87%. The ex-dividend date of this dividend is Monday, June 23rd. New York Mortgage Trust's payout ratio is -1,333.33%.
New York Mortgage Trust Company Profile
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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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