Y Intercept Hong Kong Ltd Acquires New Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Y Intercept Hong Kong Ltd bought a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,939 shares of the real estate investment trust's stock, valued at approximately $285,000.

A number of other institutional investors also recently modified their holdings of the company. Caxton Associates LP acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $69,000. Tower Research Capital LLC TRC lifted its position in New York Mortgage Trust by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 2,014 shares during the period. Guggenheim Capital LLC acquired a new position in New York Mortgage Trust during the 4th quarter valued at about $80,000. Teacher Retirement System of Texas acquired a new position in New York Mortgage Trust during the 1st quarter valued at about $86,000. Finally, Stifel Financial Corp acquired a new position in New York Mortgage Trust during the 4th quarter valued at about $86,000. Institutional investors own 54.89% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. B. Riley raised their price target on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group increased their price objective on New York Mortgage Trust from $6.50 to $6.75 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, Jones Trading reissued a "buy" rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, New York Mortgage Trust has a consensus rating of "Hold" and a consensus price target of $7.56.

New York Mortgage Trust Price Performance

NYMT traded up $0.25 during trading on Friday, reaching $6.58. 1,662,336 shares of the company were exchanged, compared to its average volume of 614,439. The company's 50-day moving average is $6.71 and its two-hundred day moving average is $6.42. The company has a market cap of $594.17 million, a price-to-earnings ratio of 34.63 and a beta of 1.28. The company has a quick ratio of 11.43, a current ratio of 11.70 and a debt-to-equity ratio of 10.13. New York Mortgage Trust, Inc. has a 12-month low of $5.01 and a 12-month high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $17.81 million for the quarter, compared to analysts' expectations of $38.67 million. Research analysts forecast 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 Wednesday, July 30th. Stockholders of record on Monday, June 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Monday, June 23rd. New York Mortgage Trust's dividend payout ratio (DPR) is currently -1,333.33%.

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.